About Lesson
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Oct 31 withdrawn cash for personal use Rs. 500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/-