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
- 6115 Views
- I also Faced
- E-Mail Answers
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
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
can external audit be seen as merely an overhead cost adding no value to the orgnisation
What do you mean by vouching?
which type audit for your company account
What should the internal auditor?
what is audit & activities of auditor?
what is the PRPOER way of accounting salaries ETF EPF
what are the main tools of auditing?
Explain intangible assets?
What is pr ? why it is prepared and what is its purpose ? who is responsible for preparing it ? And on any fault in it who is liable ? And what will happen if fault comes ?And What are major reasons of fault ?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
What is statutory audit?
who is the auditor and his deautis
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
What are the reasons for getting audited?
