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
- 4746 Views
- I also Faced
- E-Mail Answers
Answer Posted / ashish pal
. cash transactions.
1 Anil commenced business with Rs 10000
2 bought goods for cash
5 commission received Rs . 50
6 commission dew to raj Rs 100
9 paid salaries Rs. 200
10 sols goods for cash 1000
credit transaction
3 bought goods form balaji of account rs 4000'
4 paid to balaji on account rs 500
7 took laon from bank 200
11 sold goods to eshwar on account rs 200
12 recevied from eswhar on account 100
| Is This Answer Correct ? | 2 Yes | 4 No |
Post New Answer View All Answers
What is the mean of decommission liability?
How to do an internal audit effectively?
What are the different types of audits?
Why does a systems auditor need to use professional judgement when selecting audit procedures?
How can scope of internal audit help you?
hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?
Do you know what are the reasons for getting audited?
Explain the purpose of meeting in audit?
Explain intangible assets?
Which books are helpful for practising accounting's most tricky sums?
Why do you want to work in audit?
What to do after the audit?
What is an internal audit?
why auditors are not true and faire statement of account
Explain tangible assets?
