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    				| 1. | Prepare cash account from the following transactions for the month of January 2018. Jan 1 Commenced business with cash ` 62,0003 Goods purchased for cash ` 12,00010 Goods sold for cash ` 10,00012 Wages paid ` 4,00025 Furniture purchased for cash ` 6,000  | 
| Answer» CASH account D particular. amt. D particular. amtjan. jan 1. capital.a/c. 62000. 3. purchase 1200010. sales a/c. 10000 12 WAGES. 4000 25 furniture 6000 31 balance c/d 50000 total. 72000. total. 72000 | |