PROBLEMS:
1. Bharat invested Rs.265000 to start a business---receipt
2. Deposited cash into bank of India Rs.25000
3. Open an account with canara bank Rs.50000
4. Paid for repairs Rs.500
5. Paid salaries Rs.2000
6. Paid rent Rs.10000
7. Incurred trading expenses Rs.250
8. Bank charges incurred Rs.100
9. Paid for stationeries Rs.300
10. Office rent paid by canara bank cheque Rs.2000
11. Received commission Rs.10000
12. Received dividend income Rs.5000
13. Made transfer from canara bank to bank of India Rs.25000
14. Paid interest Rs.150
15. Rent received Rs.400
16. Withdrawn cash from bank of India Rs.2500
17. Paid wages Rs.500
18. Paid cash to Ram Rs.1000
19. Travelling expenses Rs.500
20. Interest received Rs.1000
prepare profit and loss,balance,trail balance
Answers
Answer:
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Answer:
1. Bharat invested Rs.265000 to start a business---receipt
2. Deposited cash into bank of India Rs.25000
3. Open an account with canara bank Rs.50000
4. Paid for repairs Rs.500
5. Paid salaries Rs.2000
6. Paid rent Rs.10000
7. Incurred trading expenses Rs.250
8. Bank charges incurred Rs.100
9. Paid for stationeries Rs.300
10. Office rent paid by canara bank cheque Rs.2000
11. Received commission Rs.10000
12. Received dividend income Rs.5000
13. Made transfer from canara bank to bank of India Rs.25000
14. Paid interest Rs.150
15. Rent received Rs.400
16. Withdrawn cash from bank of India Rs.2500
17. Paid wages Rs.500
18. Paid cash to Ram Rs.1000
19. Travelling expenses Rs.500
20. Interest received Rs.1000
prepare profit and loss,balance,trail balance