Question

1 jan started business with cash rs 100000/- 2 jan goods purchased for rs 40000/- 3 jan sold goods to amit for rs 10000/- 4 jan paid salary rs 5000/- 5 furniture purchased for rs.20000/ practice more questions based on journal entries in ledger​

Answer 1

Answer:

Cash A/c Dr. 25,000

Bank A/c Dr. 2,00,000

To Capital A/c 2,25,000

(Being the capital introduced).

Explanation:

i hope this will help you

Answer 2

Answer:

Explanation:

              Journal Entries

Cash a/c dr 1,00,000

   To capital a/c 1,00,000

( being capital introduced)

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Purchase a/c dr 40,000

   To cash a/c 40,000

( cash purchase )

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Amit a/c dr 10,000

   To sales a/c 10,000

( credit sale to amit )

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Salary a/c dr 5,000

  To cash a/c 5,000

( salary paid )

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Furniture a/c dr  20,000

    To cash a/c  20,000

( furniture purchased )

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