Let’s classify Mr. Jan’s transactions according to their types:

Mr. Jan’s Transactions:

• Given Transactions are:

  1. Mr. Jan gave goods of Rs.1,000 to Asad and received Rs.600 in return. He will receive the remaining Rs.400 from Asad after one month.
  2. Received goods of Rs.2,500 from Riaz and paid the whole amount at the time of exchange of goods.
  3. Paid telephone expenses Rs.250.
  4. Received rent of Rs.200.
  5. Paid printing and stationery expenses of Rs.50.
  6. Paid salary of Rs.3,000 to customer support executive staff by cheque.

• Classification:

  1. Exchange of Goods (Barter Transaction): Mr. Jan’s transaction with Asad involves giving goods (Rs.1,000) and receiving cash (Rs.600). The remaining Rs.400 will be received later, making it a barter transaction.
  2. Purchase of Goods: Receiving goods from Riaz (Rs.2,500) and paying the whole amount immediately falls under the category of purchasing goods.
  3. Expense: Telephone expenses (Rs.250) represent an outgoing payment for a business expense.
  4. Income: Rent received (Rs.200) is an inflow of funds.
  5. Expense: Printing and stationery expenses (Rs.50) are another business cost.
  6. Expense (Cheque Payment): Paying salary (Rs.3,000) to the customer support executive staff by cheque is an expense transaction.