Mr. Mukesh Rana carries on ready made garments business. A few transac

Question

Mr. Mukesh Rana carries on ready made garments business. A few transactions are given below. Identify the transactions to be recorded in the books of his business.

a) Purchased a typewriter for Rs. 6,000 for ofice use.

b) Sold old domestic furniture for Rs. 500.

c) Purchased cloth for garments for Rs. 10,000.

d) A shirt worth Rs. 250 is taken home for his son.

e) Appointed Satish as an assistant in the shop.

22 Sep 2022

Answer :

Word Count : 325

The transactions to be recorded in the books of Mr. Mukesh Rana's business are:

a) Purchased a typewriter for Rs. 6,000 for office use.

b) Sold old domestic furniture for Rs. 500.

c) Purchased cloth for garments for Rs. 10,000.

Transactions d) and e) should not be recorded in the books of the business as they are not related to the business operations.

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