Question

PRACTICAL PROBLEMS
Q.1 Prepare a chart showing Analysis of the following transactions in a Tabular form according to Traditional Approach:
1.Rajasaheb started business with cash 785,000.
2. Goods Purchased for cash 75,000.
3.Sold goods on credit worth * 6,000.
4.Cash deposited into Bank of Maharashtra 12,000.
5. Interest received * 700 from Radhika.

6. Paid Rent 2,000 to landlord.
7.Bought goods on credit from Birajmohan 37,000.
8. Withdrew cash from bank 1,000 for office use.
9. Purchased computer *9,000 for cash.
10. Paid Mobile bill (office) 500.
11. Sold old Mobile 2,000.
12. Received Rent 1,000 from tenant.​

Answer 1

Answer:

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