Question

solve this problem
plz it is for my exam ​

Answer 1

Cash in hand at end of month is 56200

Explanation:

Date     Particulars          Amount    Date     Particulars             Amount  

01-03  To balance b/d    75000      03-03   By Furniture A/C   12000

06-03 To Sales A/C        32500      15-03    By Purchase A/C   12000

20-03  To Machinery A/C 1000       18-03    By Stationery A/C  1500

                                                           24-03  By Bank A/C           25000

                                                          28-03   By Salary A/c          1200

                                                           31-03    By Carriage

                                                                              Inward A/c         600  

                                                            31-03   By balance c/d        56200

                                           108500                                                 108500

• Paid Mohan on account, in this entry it is assumed that Mohan has been paid through bank not in cash.
• All the entries in which cash inflows in the business are debited.

• All the entries in which cash outflows in the business are credited.