Interested to Buy Any Domain ? << Click Here >> for more details...
State which of the following are Cash transactions, and
which are credit transactions:
Questions Answers
1. Anil commenced business with Rs.10,000
2. Bought goods for cash Rs. 2000
3. Bought goods from Balaji on account Rs. 4000
4. Paid Balaji on account Rs. 500
5. Commission received Rs. 50
6. Commission due to Raj Rs. 100
7. Took Loan from Bank Rs. 20,000
8. Interest on loan due to the bank Rs. 200
9. Paid salaries Rs. 200
10. Sold goods for Rs. 1000
11. Sold goods to Eshwar on account Rs. 2000
12. Received from Eshwar on account Rs. 100
- 3 Answers
- 6015 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajesh
Here you go!!!
Cash Transaction
1) Anil Commenced business with Rs.10000
2) Bought Good for Rs.2000
3) Paid Balaji on account Rs.500
4) Commission Recd Rs.50
5) Took Loan from Bank Rs.20000
6) Paid Salary Res.200
7) Sold Goods fro Rs.1000
8) Recd from Eshwar on account Rs.100
Credit Transaction
1) Bought Goods from Balaji on Accounts Rs.4000
2) Commission due to Raj 100
3) Interest on Loan due to the Bank 200
4) Sold Goods to Eshwar on accounts Rs.2000
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / arjun
1 anil commenced business with cash-----------------cash
2 bought goods for cash Rs. 200 --------------------cash
3 bought goods from balaji on account Rs. 4000------credit
4 paid balaji on account Rs. 500--------------------cash
5 commission received Rs. 50 -----------------------cash
6 commision due to raj Rs. 100 ---------------------credit
7 took loan from bank Rs. 20000 --------------------cash
8 int. on loan due to the bank Rs. 200--------------credit
9 paid salaries Rs 200 ---------------------------- cash
10 sold goods for Rs. 1000 ------------------------ cash
11 sold goods to Eshwar on account Rs. 2000 ------- credit
12 Received from Eshwar on account Rs. 100 -------- cash
it's right and anyone can't challange
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ashish pal
. cash transactions.
1 Anil commenced business with Rs 10000
2 bought goods for cash
5 commission received Rs . 50
6 commission dew to raj Rs 100
9 paid salaries Rs. 200
10 sols goods for cash 1000
credit transaction
3 bought goods form balaji of account rs 4000'
4 paid to balaji on account rs 500
7 took laon from bank 200
11 sold goods to eshwar on account rs 200
12 recevied from eswhar on account 100
| Is This Answer Correct ? | 2 Yes | 4 No |
what is the steel consumption per sq ft for ground plus 12 floors
what are the cost audit and management audit?
in trial balance if there is PROVISIONS given under the heading current liabilities then where will its effect be ??
Explain the purpose of meeting in audit?
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.
Fill the missing amounts on the basis of the accounting equations; Sl.no Assets liabilities Capital 1 20000 15000 ? 2 ? 15000 10000 3 10000 ? 8000
How to Computation Advance Tax For First Quarter
What is a deffered revenue & deffered expenses ? what is a means of accured revenue & accured expenses? before & after
2 Answers Renault Nissan, TATA,
When we use D form?
how many types of Balance sheets?
What are the objectives of internal audit?
0 Answers Ernst Young, Thomson Reuters,
How to do an internal audit effectively?
Audit 
