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Ram started business with cash 1000 and goods worth 5000.he deposited into bank 9000.brought goods from Mohan on credit 10%trade discount worth2500. Mohan was paid by cheque2000 and balanced in cash.sold good on credit to bharti 1000.recived,cheque from bharti 980 and discount allowed 20. the cheque was deposited into bank same date.paid shop rent 500.withdrew for personal use.please give me this answer?
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Ram started business with cash 1000 and goods worth 5000.he deposited ...
**Ram's Business Transactions:**

1. **Initial Capital:**
- Ram started the business with cash amounting to ₹1000.
- Additionally, he had goods worth ₹5000.

2. **Bank Deposit:**
- Ram deposited ₹9000 into his bank account.

3. **Purchase from Mohan:**
- Ram bought goods from Mohan on credit.
- The total value of goods purchased was ₹2500.
- Mohan offered a trade discount of 10% on the purchase.

4. **Payment to Mohan:**
- Ram made a payment to Mohan in two parts.
- He paid ₹2000 to Mohan through a cheque.
- The remaining balance was paid in cash.

5. **Sale to Bharti:**
- Ram sold goods worth ₹1000 to Bharti on credit.

6. **Payment from Bharti:**
- Ram received a cheque from Bharti amounting to ₹980.
- Additionally, Ram allowed a discount of ₹20 to Bharti.

7. **Cheque Deposit:**
- The cheque received from Bharti was deposited into the bank on the same day.

8. **Shop Rent Payment:**
- Ram paid ₹500 as rent for his shop.

9. **Withdrawal for Personal Use:**
- Ram withdrew an unspecified amount from the business for personal use.

**Summary of Transactions:**

- Initial capital: ₹1000 (cash) + ₹5000 (goods)
- Bank deposit: ₹9000
- Purchase from Mohan: ₹2500 (10% trade discount)
- Payment to Mohan: ₹2000 (cheque) + Balance (in cash)
- Sale to Bharti: ₹1000
- Payment from Bharti: ₹980 (cheque) + ₹20 (discount)
- Cheque deposit: ₹980
- Shop rent payment: ₹500
- Personal withdrawal: unspecified amount

**Note:**
- The exact balance of cash and bank account cannot be determined without knowing the withdrawal amount for personal use.
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Ram started business with cash 1000 and goods worth 5000.he deposited ...
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Ram started business with cash 1000 and goods worth 5000.he deposited into bank 9000.brought goods from Mohan on credit 10%trade discount worth2500. Mohan was paid by cheque2000 and balanced in cash.sold good on credit to bharti 1000.recived,cheque from bharti 980 and discount allowed 20. the cheque was deposited into bank same date.paid shop rent 500.withdrew for personal use.please give me this answer?
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Ram started business with cash 1000 and goods worth 5000.he deposited into bank 9000.brought goods from Mohan on credit 10%trade discount worth2500. Mohan was paid by cheque2000 and balanced in cash.sold good on credit to bharti 1000.recived,cheque from bharti 980 and discount allowed 20. the cheque was deposited into bank same date.paid shop rent 500.withdrew for personal use.please give me this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ram started business with cash 1000 and goods worth 5000.he deposited into bank 9000.brought goods from Mohan on credit 10%trade discount worth2500. Mohan was paid by cheque2000 and balanced in cash.sold good on credit to bharti 1000.recived,cheque from bharti 980 and discount allowed 20. the cheque was deposited into bank same date.paid shop rent 500.withdrew for personal use.please give me this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram started business with cash 1000 and goods worth 5000.he deposited into bank 9000.brought goods from Mohan on credit 10%trade discount worth2500. Mohan was paid by cheque2000 and balanced in cash.sold good on credit to bharti 1000.recived,cheque from bharti 980 and discount allowed 20. the cheque was deposited into bank same date.paid shop rent 500.withdrew for personal use.please give me this answer?.
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