Question

transactions
(a) Shri Ram commenced business with Rs 50,000
(b) Paid rent in advance Rs 2.000.
(c) Purchased a typewriter for Rs 7,000.
(d) Bought furniture from Ws Mohan Furnitures on credit for Rs 3.000.
Purchased goods from Sohan for cash R$ 35,000.
( Sold goods to Shyam for cash Rs 40.000 (costing Rs 30,000).
6) Bought goods from Ramesh for Rs 30.000
Sold goods to Shyam costing Rs 30,000 for Rs 50.000
Purchased household goods for Rs 15.000 giving Rs 5,000 in cash and the balance through
a loan
) Goods destroyed by fire (Cost Rs 500, Sale Price Rs 600).
Paid hall the amount owed to Mohan Furniture
Paid cash Rs 500 for loan and Rs 300 for Interest.
(m) Withdrew goods for personal use (cost Rs 500. sale price Rs 600).
Received Rs 49.500 from Shyam in full settlement
(o) Paid Rs 29.700 to Ramesh in full setuement.
pl Paid salary Rs 500 and salary outstanding Rs 100.
() Charged depreciation of Rs 300 on furniture and Rs 100 on typewriter.
Scanned with CamScanner
ssss​

Answer 1

Answer:

Goods destroyed by fire (Cost Rs 500, Sale Price Rs 600).