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Monica started a business on 1st January 2018. The following are her transactions:Jan 1st : capital $20,000 was paid into a business bank account.Jan 2nd : paid rent $500 by chequeJan 4th : returned goods $100 to JakeJan 7th : sold goods $1700 on credit to ClaraJan 9th : paid $3000 by cheque to JakeJan 12th : Clara paid $1000 by chequeJan 13th : paid office expenses in cash $20Jan 14th : cash sales $1500Jan 15th : cash withdrawn for personal use $500Record the above transactions using the double entry system and bring down the balance on 1st Feb 2018.Total – 15 marks

Answer»

Answer:

DISCUSS objectives and fact of devlopmentSmall Business Ideas for RURAL Areas

Farmer. Of course, LIVING in a rural AREA opens up the possibility of you making a living by farming plants or animals. ...

  1. ANTIQUE Seller. ...

Antique Mall Owner.

Woodworker. ...

Furniture Upcycler. ...

Nature-Inspired Crafter. ...

Farm Equipment Maintenance Provider.

Roadside Produce Stand Owner.



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