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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
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Answer Posted / 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
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