Question

1. Give Journal entries for the following:
Jan. 1 2019
Debit Balance : Cash 40,000; Furniture ? 15,000; Stock * 22,000; Land & Building
* 65,000.
Debtors : A * 14,000; B 17,000; Ramesh * 6,000; Mohan 9,000
Credit Balances and Creditors : Capital ? 45,000; Mohit * 70,000; Gupta * 73,000.
(Ans. Total of Journal * 1,88,000.]


Journalise the following​

Answer 1

Explanation:

cash ac 40000

furniture ac 15000

stock 22000

land building 65000

goodwill ac 46000

to capital 45000

to mohit 70000

to gupta 73000