Commenced business with cash 1,75,000 & Building 1,00,000
Accounts Journal entries

Quiz
•
Business
•
11th Grade
•
Easy
23. Pandey
Used 8+ times
FREE Resource
12 questions
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1.
OPEN ENDED QUESTION
2 mins • 1 pt
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2.
OPEN ENDED QUESTION
2 mins • 1 pt
Goods purchased for cash 75,000.
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3.
OPEN ENDED QUESTION
2 mins • 1 pt
Sold goods to Ramesh 30,000.
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4.
OPEN ENDED QUESTION
2 mins • 1 pt
Paid wages 500
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5.
OPEN ENDED QUESTION
2 mins • 1 pt
Sold goods for cash 10,000
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6.
OPEN ENDED QUESTION
2 mins • 1 pt
Paid for trade expenses 700
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7.
OPEN ENDED QUESTION
2 mins • 1 pt
Cash received from Ramesh 29,500 Discount allowed 500
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