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On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000
cash and opened a bank account with Rs.1,50,000. He
purchased furniture for his business for Rs.25,000. Goods
were bought from Deendayal for Rs.50,000 on credit. He sold
goods for Rs.27,000 in cash and 30,000 on credit. He paid
Rs. 2,500 for business expenses during April month. Rs.
10,000 was withdrawn for office purposes from the bank. Find
out the closing balance of cash and bank.
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Answer Posted / vijendra dubey
You both are duffer plz ask this qust. to any FYJC student.
Even he will tell u the basic of accounts the Answer is
Cash-209500 & Bank 140000, bcoz jab credit pe purchase kiya
hai to Cash Ya bank ka relation kaha se aayega dude & the
2nd one jab bank se office purpose ke liye withdraw karoge
to tumhara cash bal nahi badhega kya....
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