Question

1,Business started with cash 100000
2,cash purchases 50000
3,cash sales 60000(cost 40000)
4, purchased furniture for cash 5000
5,paid rent 4000
6, bought from rathan 8000

Answer 1

Answer:

1. Cash A/c. Dr

To Capital A/c

2. Purchase A/c Dr

To Cash A/c

4. Furniture A/c Dr

To Cash A/c

3. Cash A/c Dr

To Sales A/c

5. Rent A/c Dr

To Cash A/c

6. Rathan A/c Dr

To Cash A/c