Question

(1) Commenced business with cash
(ii) Purchased furniture for cash
(iii) Stationery purchased
(iv) Cash paid for installation of machine
(v) Goods given as charity
(vi) Drawings by the proprietor for household expenses
(vii) Bought from Salil​

Answer 1

Answer:

1.Cash a/c........Dr

To capital a/c

2. Furniture a/c.... Dr

To cash a/c

3. Stationery a/c... Dr

To cash a/c

4. Installation a/c... Dr

To cash a/c

5. Charity a/c...... Dr

To goods a/c

6. Proprietor a/c....... Dr

To cash a /c

7. Goods a/c.... Dr

To salil a/c.