Question

Prepare cash account from the following transactions :-
a) Started business with cash 1,00,000.
b) Paid rent 2,000.
c) Purchased goods 5,000
d) Sold goods 3,000.
e) Withdraw cash for personal use 1500.

Answer 1

Answer:

Total Assets

=

Cash + Bank + Stock

=

40,500 + 4,500 + 11,200

=

Rs

56,200

Liabilities

=

11,200

Capital

=

45,000