Question

Ramesh started business with cash 100000.
Paid into bank 20000.
Bought goods for cash 50000.
Drew cash from bank for office use 10000.
Sold goods to Krishna on credit 15000.
Bought goods from Shyam on credit 22500.
Received from Krishna12500.
Allowed him discount 500.
Paid cash to Shyam 21500.
Discount received 1000.
Krishna returned goods 2000.
Cash sales for the month80000.
Paid rent 5000.
Paid salary 10000.​

Answer 1

Explanation:

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