What shall be the balance of cash account after the following transactions?

Heena borrows Rs15,000 from his friend Reena to furnish his office and defray other start up costs.

Heena pays Rs1,500 rent for his office.

Heena purchases office furniture for Rs9,100.

Heena collects Rs8,000 from debotrs in cash

Heena repays Reena Rs3,000 in principal

Debit balance of Rs 23,000

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Credit balance of Rs 13,600

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Debit balance of Rs 9.400

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Credit balance of Rs 9,400

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Solution

The correct option is C
Debit balance of Rs 9.400

Total of debit side= Rs 23,000
Total of credit side= Rs 13,600
Balance= Debit balance of Rs 9,400.

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Similar questions

Mohit has the following transactions, prepare accounting equation:

		Rs
(a)	Business started with cash	1,75,000
(b)	Purchased goods from Rohit	50,000
(c)	Sales goods on credit to Manish (Costing Rs 17,500)	20,000
(d)	Purchased furniture for office use	10,000
(e)	Cash paid to Rohit in full settlement	48,500
(f)	Cash received from Manish	20,000
(g)	Rent paid	1,000
(h)	Cash withdrew for personal use	3,000

Raghav started a real extate agency business with a cash investment of Rs. 42,000. The following business transactions have been recorded
(i) Paid 3 months advance rent for office accommodation Rs.2,520
(ii) Bought car for office Rs.25,200
(iii) Purchased office furniture Rs. 8,400.
(iv) Bought office typewriter from Comprehensive Company Rs. 3,600.
(v) Sold extra office furniture at cost to Amar for Rs. 1,200. Amar paid Rs. 720 in cash and accepted a bill at 3 months for the balance.
(vi) Veer paid the amount of the bill at maturity and Amar paid half the amount he owed to comprehensive comany.
(vii) Collected Rs. 7,200 as commission.
(viii) Paid telephone bill amounting Rs. 180.

Q. Heena is daughter of Meena's mother's twin sister. What is the relationship between Heena to Meena's mother?

Q. Mohit has the following transactions, prepare Accounting Equation:

		(₹)
(a)	Business started with cash	1,75,000
(b)	Purchased goods from Rohit	50,000
(c)	Sold goods on credit to Manish (costing ₹ 17,500)	20,000
(d)	Purchased furniture for office use	10,000
(e)	Cash paid to Rohit in full settlement	48,500
(f)	Cash received from Manish	20,000
(g)	Rent paid	1,000
(h)	Cash withdrew for personal use	3,000

Mr. Ajay has a business of selling furniture. He has purchased a table for use in his office. Which of the following accounts should be debited?

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The correct option is C Debit balance of Rs 9.400 Total of debit side= Rs 23,000 Total of credit side= Rs 13,600 Balance= Debit balance of Rs 9,400.

The correct option is C
Debit balance of Rs 9.400

Total of debit side= Rs 23,000
Total of credit side= Rs 13,600
Balance= Debit balance of Rs 9,400.