Financial AccountingTU Board 2019
Following transactions are provided to you : 01 March Started business with cash Rs 2,00,000. 04 March Deposited cash into bank Rs 50,000. 13 March Purchased goods from creditors for Rs. 80,000 and…
10Following transactions are provided to you : 01 March Started business with cash Rs 2,00,000. 04 March Deposited cash into bank Rs 50,000. 13 March Purchased goods from creditors for Rs. 80,000 and paid cash only 30,000. 17 March Sold goods on cash Rs 1,00,000. 20 March Paid salary Rs 15,000 through cheque. 23 March Received interest Rs 10,000. 30 March Paid to creditors cash Rs 18,000 and received discount Rs 2,000. 31 March Returned goods to creditors of Rs 5,000. Required: Journal Entries and Creditors' Account.
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