Question

1) raghu commenced business with cash 50000
2)purchased goods for cash 20000&on credit 30000.
3)sold goods for cash 40000 (costing 30000)

Answer 1

Explanation:

1cash a/c Dr 50000

to capital a/c 50000

2 purchases a/c Dr 50000

to cash a/c 20000

to bank a/c 30000

3 cash a/c Dr 40000

to sales a/c 40000