Record the following transactions for Ram Home Needs for the year 2014-15

2014

Jun 1        Ramu commenced business with cash Rs. 20000

Jun 2        He bought goods for cash Rs. 10000

Jul 31      bought furniture Rs. 2000

Aug 2      deposited into bank Rs. 5000

Sep 2       sold goods in cash Rs. 18000

Oct 31     withdrawn cash for personal use Rs. 500

Nov 1      paid commission Rs. 200

Dec 2       paid rent Rs. 200

2015

Jan 2        Paid salaries Rs. 200

Solution:

T.B: 38,000/-

G.P: 8,000/-; N.P: 7,400/-

B/s: 26,900/-