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  

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what is credit limit ?

3 Answers   Aditya Birla,

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what is a contra entry how it is passed in journal and cashbook?

4 Answers  

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Is materiality by fund balance or transactions?

1 Answers  

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4 Answers   Ernst Young,

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7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.

3 Answers  

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What Is Social Audit?

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How to caculate assets?

1 Answers  

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