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
- 4741 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 |
Would you consider alternative vacancies if so which:
Does anyone work for the CA state as an Auditor? I am a new college graduate and I need some tips on what questions I will be asked during the interview for the Auditor 1 position. Can anyone help?
What techniques used during an audit?
What is the purpose of meeting in audit?
What are reasons for giving credit note and sales return to customers?
Should the duty of creating a purchase order be segregated from the duty of creating a vendor?
What is Assesment year, 2010 - 11 which year Assesment year ?
How I can evaluate the internal control audit?
how will u check the account receivables and cash balances while doing audit
3 Answers Price Waterhouse Coopers,
Can I alter Original Tax invoice(pharma) at warehouse in respect of Batch,nomuntilature,quantity,value etc.?
what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .
What is the difference between internal audit and statutory audit?
Audit 
