Question

Record following transactions in Simple Cash Books of Harsh Traders for the

month of

January 2020

1: Cash in hand `20,000.

3: Received cash on account from Raj `5,000.

6: Purchased machinery `8000.

9: Insurance premium paid `2,500.

12: Sold goods for cash `10,000.

13: Received commission `2,000.

15: Purchased postal stamps `500.

18: Purchased goods for cash from Omkar Brothers `1,600.

23: Cash paid to Paras `3,000 on account.

26: Paid rent `4,500.

28: Sold old furniture `3,000.

29: Deposited into bank `1,800​

Answer 1

Answer:

cash account debit todrawing account

cash account debit to Raj account

inssrrence premium account debit to cash account

cash account debit to sale account

cash account debit to commission account