Q. 2 Prepare Chart showing Anahsis of the following transaction in a Tabular form ac-
cording to Modern Approach.
1. Mr. Meghraj started business with cash 30,000
Deposited cash into Bank of India 2,000.
3. Withdrew cash 1,000 for personal use.
Purchased goods on credit from Nilesh 2,000.
5. Cash purchases 3,000.
6. Paid Wages * 400.
7. Purchase a chair for office use 3.200.
& Sold goods to Mohan worth 1.200.
9. Withdrew Cash for Office use 3,000.
10. Sold old furniture 9,000.
11. Received Dividend of 1,000.
12. Paid for Printing bill book 200.
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Answer:
1-capital 3000
cash. 3000
bank 2000
cash. 2000
3-drawing 1000
cash. 1000
purchases 2000
account payable 2000
5- purchases 3000
cash. 3000
6-wages expense 400
cash. 400
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