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
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
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