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Saravanan started a business with Rs. 100,000. Various cash transactions are recorded, including receiving Rs. 25,000 from Balan, paying Rs. 37,000 to Perumal, and buying goods for Rs. 80,000. Additional transactions included cash sales of Rs. 90,000, selling goods worth Rs. 100,000 to Jaleel on credit, purchasing goods worth Rs. 150,000 from James on credit, returning goods worth Rs. 5,000 and Rs. 7,000 to Jaleel and James respectively, and paying salaries of Rs. 6,000. Commission received was Rs. 5,000.

Author

Shiv Raj Singh Rathore

Language

EN