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Rohit has the following transactions.
Commenced business with cash 50000. 2 bought merchandising cash 80000. 2 Debit bank and credit cash. Manu started business with cash 50000 50000.
Commenced business with cash 50000. 50000 Received cash June 04. 20000 Bought goods from Amit of list price.
2 - Stock purchase for sale cash purchase 3000 credit purchase 5000 3 - Wages paid 120000 including 20000 relating to a future year. A Commenced business with cash 150000 b Purchased machinery on credit 40000 c Purchased goods for cash 20000 d Purchased car for personal use 80000 e Paid to creditors in full settlement 38000 f Sold goods for cash costing 5000 4500 g Paid rent 1000 h Commission received. 3 cash sales of worth 25000.
Ii Car personal asset of the proprietor was sold for 100000 against cheque which he deposited in his Savings Account. Iii An amount of 50000 was transferred from his Savings Account to the firms Bank Account. 40000 were sold for Rs.
200000 Cheque from Savings Ac to Firms Ac June 03. Raghunath had the following transactions in an accounting year. I Commenced business with cash Rs.
I Commenced business with cash Rs. Interest debited by Bank on 26th December2017 but no advice received 278700 3. 1 - Business started with cash 8000 and plant machinery 3000.
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