Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Journalize the following transactions- 2020 B Apr 1 Ashish started business with Cash Rs. 15,00,000 Nor Apr 3 Purchased Furniture at Rs. 350,000 in cash
Journalize the following transactions- 2020 B Apr 1 Ashish started business with Cash Rs. 15,00,000 Nor Apr 3 Purchased Furniture at Rs. 350,000 in cash Apr 6 Bought goods for cash Rs. 750,000 from Suresh Inse Apr 10 Sold Goods to Seema Rs.100,000 on credit Apr 12 Sold goods for cash Rs. 200,000 Withdrawn goods for personal use Rs.20,000 from business Apr 13 Apr 21 Interest received Rs.5,000 by cheque Received Rs.95,000 from Seema in full settlement of her account. Apr 27 Apr 30 Paid Salaries Rs. 17.500 How much Cash would be available with the business at the end of April 2020? UN
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started