Question

(3.)pass the journal entry as following transaction.
1.started business with cash 1,00,000
2.Bought furniture 20,000
3.purchase goods 10,000
4.sold goods 2000
5.paid rent 800​

Answer 1

Answer:

1. Cash A/c Dr To Capital A/c : ₹ 1,00,000

2. Furniture A/c Dr To Cash A/c : ₹ 20,000

3. Purchases A/c Dr To Cash A/c : ₹ 10,000

4. Cash A/c Dr To Sales A/c : ₹ 2,000

5. Rent A/c Dr To Cash A/c : ₹ 800