Question

1.Started business with cash 1,00,000. 2 .Purchase goods for cash 20,000 and on credit 30,000 .3 . sold goods costing 10,000 and on credit costing 15,000 both at a profit of 20percent.

Answer 1

i assume that u asked to prepare journal entries

1) cash A/c            dr                100000
         To capital A/c                                   100000
(being started business with cash )

2)Purchases A/c       dr                          50000
           To cash A/c                                                 20000
           To Creditor A/c                                            30000
(Being goods purchased on cash and credit )


3) working note 
      cash =10000+10000*0.20
              =12000
       credit =15000+15000*0.20
                 =18000
 
           Cash A/c        Dr             12000
           Debtor A/c       Dr             18000
                     To sales A/c                            30000
           ( being goods sold on cash and credit )

Answer 2

april 1 started business with cash 70000as capital general the follwing transtion