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2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10?
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2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purc...
Introduction:
In this business transaction, Shri Ganesh started a business with cash of 25000 and made several purchases and sales transactions throughout the month of January. Let's analyze the transactions in detail.
Purchases:
- On January 2, Shri Ganesh purchased goods for 20000.
- On January 14, he purchased goods from Ram for 3000.
- On January 15, he purchased goods from Shyam for 3600.
Sales:
- On January 13, Shri Ganesh sold goods for 24000.
- On January 26, he sold goods to Shyam for 6000.
Returns:
- On January 27, Shyam returned goods worth 500.
- On January 28, goods worth 2750 were returned to Ram.
Accounts:
- On January 29, Shri Ganesh received 2250 from Shyam on account.
- On January 30, he paid a salary of 500 to Mohan.
Expenses:
- On January 13, Shri Ganesh paid rent of 300 to Shrikant.
- On January 13, he also bought postage stamps for 10.
Conclusion:
By analyzing the given transactions, we can conclude that Shri Ganesh had a total sales of 30000 (24000+6000) and a total purchase of 26600 (20000+3000+3600). He received 2250 on account from Shyam and paid a salary of 500 to Mohan. Shri Ganesh also incurred expenses of 310 (300+10) on rent and postage stamps.
In this business transaction, Shri Ganesh started a business with cash of 25000 and made several purchases and sales transactions throughout the month of January. Let's analyze the transactions in detail.
Purchases:
- On January 2, Shri Ganesh purchased goods for 20000.
- On January 14, he purchased goods from Ram for 3000.
- On January 15, he purchased goods from Shyam for 3600.
Sales:
- On January 13, Shri Ganesh sold goods for 24000.
- On January 26, he sold goods to Shyam for 6000.
Returns:
- On January 27, Shyam returned goods worth 500.
- On January 28, goods worth 2750 were returned to Ram.
Accounts:
- On January 29, Shri Ganesh received 2250 from Shyam on account.
- On January 30, he paid a salary of 500 to Mohan.
Expenses:
- On January 13, Shri Ganesh paid rent of 300 to Shrikant.
- On January 13, he also bought postage stamps for 10.
Conclusion:
By analyzing the given transactions, we can conclude that Shri Ganesh had a total sales of 30000 (24000+6000) and a total purchase of 26600 (20000+3000+3600). He received 2250 on account from Shyam and paid a salary of 500 to Mohan. Shri Ganesh also incurred expenses of 310 (300+10) on rent and postage stamps.
Community Answer
2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purc...
1 cash a/c_dr to capital a/c
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2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10?
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2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10?.
2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10?.
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2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10?, a detailed solution for 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? has been provided alongside types of 2019 Jun.1 shri Ganesh started business with cash 25000 January 2 purchase good for 20000 January 13 sold good for 24000 January 14 purchase good from ram 3000 January 15 purchase goods to shyam for 3600 January 26 sold good to shyam for 6000 January 27 shyam returned goods for 500 January 28 returned goods to ram 2750 January 29 from shyam on account 2250 January 30 pad salary to Mohan 500 January 13 rent paid to shrikant 300 January 13 book postage stamps 10? theory, EduRev gives you an
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