Question

Prepare account current for Nagesh in respect of the following transactions with Basha: 1994 Sep. 16 Goods sold to Basha 400 (due 1st Oct.) Oct. 1 Cash received from Basha 180 Oct. 21 Goods purchased from Basha 1,000 (due 1st Dec.) Nov. 1 Paid to Basha 660 Dec. 1 Paid to Basha 600 Dec. 5 Goods purchased from Basha 1,000 (due 1st Jan.) Dec. 10 Goods purchased from Basha 440 (due 1st Jan.) 1995 Jan. 1 Paid to Basha 1,200 Jan. 9 Goods sold to Basha 40 (due 1st Feb.) The account is to be prepared upto 1st Feb. Calculate interest @ 6% p.a.​

Answer 1

Answer:

yes it comes under personal account use personal account rule