Question

1) Bhavya started business with cash 30,000 ii)purchased goods for cash 20,000 iii) Goods sold for cash 10,000, Costing and 8,000 ​

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Answer 1

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Answer 2

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                                  IN THE BOOK OF BHAVYA

                                        JOURNAL ENTRIES

DATE     PARTICULARS      L.F        DEBIT AMT     CREDIT AMT

1)          CASH   A/C   DR                            30,000

                TO CAPITAL A/C                                                          30,000

.       ( COMMENCED BUSINESS

      WITH CASH )

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2)      PURCHASE  A/C  DR                           20,000

            TO CASH  A/C                                                               20,000

         ( CASH PURCHASE )

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3)     CASH  A/C   DR                                  10,000

            TO SALES A/C                                                             10,000

          ( CASH SALES )

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