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Record the following transactions in sandeep's book: 2015. Jan. 1 started business with cash 1,00,000 Jan. 7 bought furniture for cash 20,000 Jan. 8 purchased goods. 10,000 Jan. 10 sold goods. 2,000?
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Record the following transactions in sandeep's book: 2015. Jan. 1 star...
Transactions in Sandeep's Book


January 1, 2015


  • Started business with cash 1,00,000



January 7, 2015


  • Bought furniture for cash 20,000



January 8, 2015


  • Purchased goods for 10,000



January 10, 2015


  • Sold goods for 2,000



Explanation:


  • On January 1, 2015, Sandeep started his business by investing cash of 1,00,000

  • On January 7, 2015, he purchased furniture for cash payment of 20,000

  • On January 8, 2015, he purchased goods worth 10,000 for his business

  • On January 10, 2015, he sold goods for 2,000



These transactions will be recorded in Sandeep's book to keep track of his business's financial activities. As a result, he will be able to determine the profitability of his business, debtors and creditors, and cash flow.
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Record the following transactions in sandeep's book: 2015. Jan. 1 started business with cash 1,00,000 Jan. 7 bought furniture for cash 20,000 Jan. 8 purchased goods. 10,000 Jan. 10 sold goods. 2,000?
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