Question

U 2020
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PROBLEM 10. On 1st October, 2011. H. Wood commenced business with a capital of
30.000, of which ? 25,000 was deposited in bank and the balance was retained in hand for
business purposes. During the month of October, his transactions were as follows
2011
7.000
510
500
580
230
30
560
Oct. 1 Bought of A. Smith goods by cheque
Oct 2 Sold goods to W. Williams
Oct 3 Bought furniture for cash
Oct. 4 Purchased goods from W. See
Oct. 7 Purchased goods from J. Car
Oct. 8 Returned goods to J. Car
Oct. 8 Paid W. See by cheque in full settlement of his account
Oct 11 Accepted BVE drawn by J. Car
Oct. 12 Goods bought for Cash
Oct 14 Goods sold to S. Hart
Oct 16 Received cash from W. Williams
Discount allowed
Oct 17 Recuived back goods from S. Hart
Oct 18 Received s. Hart's acceptance for
Oct 20 Withdrew from bank for private expenses
Oct 31 Cash Sales for the month
Paid establishment charges in Cash
Remitted to bank cash in hand this day excepting 100
Paid rent by cheque
Stock on ist October, 2011
150
130
500
10
110
110
1.400
120
6,870​

Answer 1

Answer:

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