Question

3. Pass journal entries for the following transactions :
(1) Goods used personally by proprietor for Rs. 5,000
(ii) Commenced business with a Capital of Rs. 50,000

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Answer 1

your answer is mentioned above

Answer 2

Explanation:

here's is the answer

Drawings/c dr. 5000

To purchase a/c. 5000

cash a/c dr. 50000

To capital a/c. 50000