Question - 6
Following balances appeared in the books of sachin on january 1st, 2001
Assets : Cash in Hand Rs. 15,000, Stock Rs. 10,000, Rahul Rs. 3,600, Machinery Rs. 14,400
Liabulities : Kamlesh Rs. 2,000, pawan Rs. 2,500, Capital Rs. 38,500
Following transactions took place during the month of January 2001:
2001
Jan. 02 Sold goods for cash Rs. 12,000
Jan. 04 Purchased goods for cash Rs. 3,000
Jan. 06 Received cash from Rahul in full settlement of his account Rs. 3,550
Jan. 08 Paid cash to Pawan in full settlement of his accout Rs. 2,450
Jan. 10 Purchased machinery Rs. 5,400
Jan. 15 Sold goods to Kamlesh at 10% T.D. Rs. 2,000
Jan. 20 Withdrew cash for personal use Rs. 600
Jan. 25 Wages paid Rs. 200
Jan. 31 Salary paid Rs. 800
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