Question

Sunil started business with a capital of Rs 1,00,000. Following transactions took place

during the year:

I. Deposited Rs 60,000 in bank

II. Purchased goods from Shyam Rs 30,000

(6)

III. Sold goods costing Rs 20,000 for Rs 25,000 to Pradeep out of which Rs

7,000 received in cash.

IV. Paid salary Rs 6,000 but salary still unpaid Rs 1,000.

V.

Received commission Rs 3,000 including Rs 500 as advance. VI. Sold goods costing Rs 5,000 at a loss of Rs 500 in cash.

VII. Received Rs 17,400 from Pradeep in full settlement of his account by

cheque.

VIII. Returned goods to Shyam Rs 2,000.

IX. Issued a cheque of Rs 27,200 to Shyam in full settlement of his

account.​

Answer 1

Answer:

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