Question

Record the following transactions:
1. Gee commences business with a capital of 25.00.000 trading under the name of lain
General Store
2. Paid into State Bank of India 500.000
3. Bought goods from Chandara for 10,00.000
4. Bought furniture from Sharda and Co. for 3.00.000.
5. Sold poods to Paras for 50.000,
6. Received a sum of 1,00,000 being rent for the portion of a building let out.
7. Gee contracted with Deep Construction Co. for the renovation of the building at an
estimated cost of 5,00.000.
8. Bought Shares in Sivaram Ltd. for 3.000.000
9. Paid Gee's life insurance premium ? 15,000.
10. Bank collected dividends on our investments 50.000​

Answer 1

Answer:

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