Question

ram started business with cash rs 100,000 ,deposited into bank rs 70,000 , bought goods for cash rs50,000, drew cash from bank for office use rs1000, sold goods to krishna rs 50,000, paid rent rs 20,000, recieved commission rs 10,000, post the transaction into ledger​

Answer 1

Answer:

Total Assets

=

Cash + Bank + Stock

=

40,500 + 4,500 + 11,200

=

Rs

56,200

Liabilities

=

11,200

Capital

=

45,000