1.

Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows: 2018 ₹ Jan 1 Started business with cash 1,00,000 Jan 2 Bought goods for cash 20,000 Jan 3 Sold goods for cash 7,000 Jan 15 Sold goods to Shravan, Delhi 6,000 Jan 18 Bought goods on credit from Anurag, Kanpur 60,000 Jan 19 Goods returned to Anurag 5,000 Jan 20 Sold goods for cash 30,000 Jan 22 Paid electricity bill 1,000 Jan 28 Paid for telephone bill 500 Jan 29 Paid rent 800 Jan 31 Paid wages 3000 ​Enter the above transactions in his books of account

Answer» Suresh, Kanpur commenced business on 1st January, 2018 introducing capital in cash ₹ 1,00,000. His other transactions during the month were as follows:




2018 ₹
Jan 1 Started business with cash 1,00,000
Jan 2 Bought goods for cash 20,000
Jan 3 Sold goods for cash 7,000
Jan 15 Sold goods to Shravan, Delhi 6,000
Jan 18 Bought goods on credit from Anurag, Kanpur 60,000
Jan 19 Goods returned to Anurag 5,000
Jan 20 Sold goods for cash 30,000
Jan 22 Paid electricity bill 1,000
Jan 28 Paid for telephone bill 500
Jan 29 Paid rent 800
Jan 31

Paid wages

3000

​Enter the above transactions in his books of account


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