Question

Karthick Commenced business with 20,000
2 Paid into bank 5,000
3 Purchased plant from Modi & Co., worth 10,000
4 Purchased goods from Anwar worth 5,000
6 goods sold to Anbu worth 4,000
8 sold goods for cash 2,000
10 Goods returned by Anbu 50
15 Paid rent 250
18 withdrawn from bank for office use 2,500
20 Paid salaries 1,800
25 Withdrawn for personal use 250
26 Goods returned to Anwar 100
27 Paid for office furniture by cheque 1,500
28 Received cash from Anbu (Discount allowed Rs.50) 3,900
29 Paid Anwar on account (Discount allowed by him Rs.100) 4,800

Answer 1

Explanation:

29 Paid Anwar on account (Discount allowed by him Rs.100) 4,800