Question

Prepare a simple cash book of Gopal from the following transactions:
1.Gopal commenced business introducing cash200000.
2.Purchased the following assets for busines.
Computer 16000, furniture 18500& machinery32000, payment made by cheque.
3.Purchased goods for Bushan in cash40000.
4.Paid wages for installation of machinery 4000.
6.Computer repair charges 1900.
7.Paid wages 15000.
Purchased postage stamp 150.
Paid for stationary 2700.
8. Sold for cash half the goods purchased from Bushan to Anil Krishna at a profit of 25% and allowed him trade discount of 5%. 9. Payment to carpenter for repairs to personal furniture 300. 10. Paid for medical expenses of Smt. Gopal 1800. 11. Paid for shop rent 2500.​

Answer 1

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