Enter the following transactions of Motilal Stores in the Single Column Cash Book and balance the same. 2018 Jan.1 Motilal started business with a capital 20,000 “ 2 Purchased furniture 5,000 “ 2 Purchased goods 3,000 “ 3 Paid cartage 75 “ 5 Sold goods for cash 2,800 “ 10 Paid to Ratan Lal 2,000 “ 18 Sold goods for cash 1,000 “ 25 Paid wages 225 “ 28 Paid rent 500 “ 30 Purchased goods 2,000 (Answer: Cash in hand Rs. 11,000)
Enter the following transactions of Motilal Stores in the Single Column Cash Book and balance the same. 2018 Jan.1 Motilal started business with a capital 20,000 “ 2 Purchased furniture 5,000 “ 2 Purchased goods 3,000 “ 3 Paid cartage 75 “ 5 Sold goods for cash 2,800 “ 10 Paid to Ratan Lal 2,000 “ 18 Sold goods for cash 1,000 “ 25 Paid wages 225 “ 28 Paid rent 500 “ 30 Purchased goods 2,000 (Answer: Cash in hand Rs. 11,000)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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- Enter the following transactions of Motilal Stores in the Single Column
Cash Book and balance the same. 2018
Jan.1 Motilal started business with a capital 20,000
“ 2 Purchased furniture 5,000
“ 2 Purchased goods 3,000
“ 3 Paid cartage 75
“ 5 Sold goods for cash 2,800
“ 10 Paid to Ratan Lal 2,000
“ 18 Sold goods for cash 1,000
“ 25 Paid wages 225
“ 28 Paid rent 500
“ 30 Purchased goods 2,000
(Answer: Cash in hand Rs. 11,000)
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