Rs

(a)

Manoj started business with

(i) Cash

2,30,000

(ii) Goods

1,00,000

(iii) Building

2,00,000

(b)

He purchased goods for cash

50,000

(c)

He sold goods(costing Rs 20,000)

35,000

(d)

He purchased goods from Rahul

55,000

(e)

He sold goods to Varun (Costing Rs 52,000)

60,000

(f)

He paid cash to Rahul in full settlement

53,000

(g)

Salary paid by him

20,000

(h)

Received cash from Varun in full settlement

59,000

(i)

Rent outstanding

3,000

(j)

Prepaid Insurance

2,000

(k)

Commission received by him

13,000

(l)

Amount withdrawn by him for personal use

20,000

(m)

Depreciation charge on building

10,000

(n)

Fresh capital invested

50,000

(o)

Purchased goods from Rakhi

6,000