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CBSE Class 11-commerce Answered

Open a ‘T’ format cash account. Enter the following transactions on the proper side and balance the account. Goods purchased for cash Rs.40,000 Purchased furniture for cash Rs.3,000 Withdrew cash for personal use Rs.5,000 Sold goods for cash at Rs.60,000
Asked by Topperlearning User | 14 Jun, 2016, 11:44: AM
answered-by-expert Expert Answer

 

Cash A/c

 Debit 

iv. Sales 

Rs. 

60,000

 Credit 

i. Purchases

ii. Furniture

iii. Drawings

 Balance   

Rs.

40,000

3,000

5,000

12,000

 

60,000

 

60,000

 

Answered by | 14 Jun, 2016, 01:44: PM
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 11:36: AM
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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ANSWERED BY EXPERT ANSWERED BY EXPERT
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