Question

1. Commenced business with Rs .50000
3. Purchased goods for each Rs 10000 at 5 trade discount 4. Paid carriage Rs. 50 8. Purchased machinery for Rs .20000
10 . Sold goods to madan on account for Rs. 15000

Answer 1

Answer:

cash A/c Dr 50000

to capital A/c 50000

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purchase A/c Dr 9500

to cash A/c. 9500

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machinery A/c Dr 20050

to cash A/c. 20050

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Madan A/c Dr. 15000

to sale A/c. 15000

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total = 94550