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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 / 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
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