Question

Open a T shape Cash Account with the following transactions.

(1) Mohan started business with cash. Rs 40,000.

(2) Purchased goods . Rs 20,000.

(3) Sold goods. Rs 24,000

(4) Paid rent. Rs 400

(5) Paid salaries. Rs 600

(7) Drew for personal use. Rs 1000​

Answer 1

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