Question

Transactions- Write in detail their transactions during the year: about

15-20)

• Capital introduced

• Account opened in Bank.

• Fixed Assets purchased (all separate)

• Purchases- Cash and credit

• Sales – Cash and credit.

• Carriage on purchases and carriage on sales.

• Cash received from debtors and discount allowed.

• Cash paid to creditors and discount received.

• Expenses such as rent / electricity / salary / wages etc. paid by Cash or cheque.

• Cash drawn for personal use.

Adjustments:

•Closing Stock on 31st March, 2021.
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Answer 1

Explanation:

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