Question

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2. Show the journal entries for the following transactions
2019
April 1
Mr. Vikram Thakur commenced business with cash
40,000 and goods 20000​

Answer 1

Answer:

Date. Particulars. Amt (Dr.) Amt(Cr.)

April 1. Cash A/c. _Dr. 40,000 -

Stock A/c. _Dr. 20,000 -

To Capital A/c. 60,000

(Being Business

Commenced with

Cash & goods)

Answer 2

Cash A/C Dr 40,000

Stock A/C Dr 20,000

To Capital A/C 60,000