Question

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

Answer 1

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]