Ram started business with cash Rs.75,000. He purchased goods for cash 10,000 and sold goods to Swati Rs.5,000. He also purchased furniture of Rs. 3,000 and cash received from Swati in full settlement of Rs 4,000. He paid rent Rs 1,000 and salary of Rs 1,500. i) What will be the total receipts in the cash book as per the above information? Rs. 84,000 Rs. 80,000 Rs. 79,000 Rs. 76,000 ii) What will be the total payments in the cash book as per above information? Rs. 10,000 Rs. 15,500 Rs. 12,000 Rs. 14,500 iii) What will be the closing balance of cash book as per above information? Rs. 63,500 Rs. 66,500 Rs. 88,500 Rs. 53,500 iv) If IGST @ 12% applicable, what will be the amount of output IGST? Rs. 600 Rs. 800 Rs. 900
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Answer:
a) Rs.84,000.
b) Rs.15500
c) ?
d) ?
May this help you
Sorry for a & b because I don't know that
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