Question

Prepare cash account from the following transactions for the month of January 2018.

Jan 1 Commenced business with cash ` 62,000

3 Goods purchased for cash ` 12,000

10 Goods sold for cash ` 10,000

12 Wages paid ` 4,000

25 Furniture purchased for cash ` 6,000
​

Answer 1

Answer:

cash account

D particular. amt. D particular. amt

jan. jan

1. capital.a/c. 62000. 3. purchase 12000

10. sales a/c. 10000 12 wages. 4000

25 furniture 6000

31 balance c/d

50000

total. 72000. total. 72000