Prepare a Chart showing analysis of the following transactions in the form of Traditional Approach
1. Sanjay commenced business with cash 75000.
2. Deposited cash into Bank of Maharashtra Rs 3000
3. Purchased goods from Sita Rs 4000
4. Sold goods to Mohan Rs 6000
5. Perchases goods Rs 8000.
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Apr.01
Cash A/c
Dr.
50,000
To Capital A/c
50,000
(Business started with cash)
Apr.03
Purchases A/c
Dr.
20,000
To Rita
20,000
(Goods purchased from Rita on credit)
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