prepare books of accounting
1.Capital introduced ₹50,00,000.
2. Purchased goods from Ramesh ₹50,000.
3.Sold goods to Ram ₹20,000.
4.Cash paid into Bank ₹5,00,000.
5.Stationery purchased for business purpose ₹2,000.
6.Cash Sales ₹20,000.
7.Cash withdrawn from Bank ₹5,000.
8.Paid to Ramesh ₹20,000.
9.Sold goods ₹10,000 at 10% trade discount to Suresh.
10.Additional capital introduced ₹50,000.
11.Cash withdrawn for private use ₹5,000.
12.Cash purchase ₹2,0000.
13.Cash received from Ram ₹10,000.
14.Goods purchased ₹50,000 from Akshay at 10% Trade Discount.
15.₹5,000 due from Amit was not recoverable .
16.Rent paid ₹500.
17.Paid income tax ₹500.
18.Commission received ₹500.
19.Life insurance premium paid ₹500 by cheque.
20.Purchased goods from Sahil of list price ₹2,00,000 for ₹1,80,000.
21.Goods sold to Raj ₹20,000.
22.Sold goods to Jay for ₹20,000 and ₹19,000 received by cheque in full settlement of his account, cheque deposited into bank.
23.Paid for office cleaning ₹500.
24.Sold old newspaper for ₹500.
25.Cash stolen ₹5,000.
25.Salary paid ₹5,000.
26.Purchased machinery for cash ₹50,000.
27.Goods ₹5,000 stolen by an employee.
28. Purchased furniture for ₹20,000.
29.Rent paid in advance ₹2,000.
30.Purchased building for cash ₹50,000.
31.Commission paid by cheque ₹2,000.
32.Rent received ₹2,000.
33.Bought shares in Reliance Power ₹50,000.
34.Interest due but not received ₹2,000.
35.Sold personal car and amount deposited in firm bank account ₹50,000
36.Sohan who owed ₹20,000 has become insolvent. He Pays 50 paise in a rupee in full and final settlement.
37.Received cash ₹5,000 for a bad debts written off last year.
38.Cash paid into union Bank ₹20,000.
39.Purchase land for cash ₹50,000.
40.Additional capital introduced by cheque ₹50,000.
41.Cash paid into PNB Bank ₹30,000.
42.Goods sold to Shyam ₹20,000.
43.Transfer of funds from PNB bank to union Bank ₹5,000.
44.Cash received from Shyam @ 5% cash discount.
45.Purchased horse for business purpose and payment made by cheque ₹20,000.
46.Goods worth ₹5,000 given as charity.
47.Goods worth ₹20,000 were destroyed by fire. Insurance company accepted claim of ₹15,000.
48.Charity given in temple ₹5,000.
49.Goods purchased from Raj ₹50,000 at 10% trade discount and 5% cash discount. Payment made at the time of purchase immediately.
50. Good sold to Krishna ₹50,000 at 10% trade discount and 5% cash discount half of the amount received at the time of sale.
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Answer:
.Capital introduced ₹50,00,000.
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