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ToggleJournal Entries Question Part-05
Started business with cash ₹1,00,000.
Purchased furniture for ₹10,000 in cash.
Bought goods worth ₹20,000 from Ram on credit.
Sold goods for ₹15,000 to Shyam on credit.
Paid ₹5,000 in cash to Ram.
Received ₹10,000 from Shyam.
Paid rent ₹2,000 in cash.
Paid salaries ₹3,000.
Purchased goods for ₹8,000 in cash.
Sold goods for ₹12,000 in cash.
Withdrawn ₹4,000 from business for personal use.
Paid ₹500 for electricity bill.
Received ₹2,000 as commission income.
Paid ₹1,200 for advertisement.
Received ₹5,000 from Mohan in full settlement of ₹5,200.
Goods worth ₹1,000 were destroyed by fire.
Paid insurance premium ₹1,500.
Received interest of ₹600.
Interest on loan paid ₹800.
Paid ₹1,000 for stationery.