Question

Q.1 Prepare a chart showing Analysis of the following transactions in a Tabular form according
to Traditional Approach:

1. Rajasaheb started business with cash ₹85,000.
2. Goods Purchased for cash ₹5,000.
3. Sold goods on credit worth ₹6,000.
Cash deposited into Bank of Maharashtra * 12,000.​

Answer 1

Explanation:

₹85,0005,000Cash deposited into Bank of Maharashtra * 12,000