Question

Which of the following transactions are of financial character and will be recorded in the books?
(i) Purchase of computer worth 35,000 on credit.
(ii) Mr. Sen withdrew 10,000 from his Current A/c to pay his son's school fees.
(iii) Receiving a purchase order of goods worth 2 10,000.
(iv) Loss of inventory due to theft.
(v) Paid salary to the employees 3 36,000. (vi) Price enquiry received by the company. (vii) Mr. Rishi gifted a mobile phone worth 2 15,000 from his store to his cousin.​

Answer 1

Answer:

(ii) Mr. Sen withdrew 10,000 from his Current A/c to pay his son's school fees.