1. Journalise the following transaction in the book of Abhey verma : july1 started bussiness with ₹5,000 in cash and ₹2, 500 worth of goods. (2) opned a bank A/C and desposited ₹ 3000p
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Answer:
The format is vital hence, follow carefully.
Explanation:
In the books of Abhey Verma
journal Entries
date. particulars. Debit.(Rs) credit(Rs)
1-7. cash a/c. Dr. 5,000
stock in hand a/c Dr. 2,500
to capitala/c. 7,500
[ being business commenced]
Bank a/c. Dr. 30000
to cash a/c. 3000
[ being cash deposited into bank]
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