a) business started with cash 1,00,000 b) purchase office furniture for office for 10,000
C) cash withdrew for personal use for 20,000
D) Rent paid for 12,000
E)' sopd goods for cash 10,000
Answers
Journal entries
a) Cash a/c Dr 100,000
a) Cash a/c Dr 100,000 To Capital a/c 100,000
100,000b) Furniture a/c Dr 10,000
100,000b) Furniture a/c Dr 10,000 To Cash a/c 10,000
10,000c) Drawings a/c Dr 20,000
10,000c) Drawings a/c Dr 20,000 To Cash a/c 20,000
20,000d) Rent a/c Dr 12,000
20,000d) Rent a/c Dr 12,000 To Cash a/c 12,000
12,000e) Sales a/c Dr 10,000
12,000e) Sales a/c Dr 10,000 To Cash a/c 10,000
hope this will help..
Journal Entry
Explanation:
Books of (----Limited)
Journal Entry
Date Particular's Debit Credit
A. Cash a/c Dr 100,000
To Capital a/c 100,000
(Being business started with cash)
B. Furniture a/c Dr 10,000
To Cash a/c 10,000
(Being purchase of business)
C. Drawings a/c Dr 20,000
To Cash a/c 20,000
(Being amount withdrawal for personal use)
D. Rent a/c Dr 12,000
To Cash a/c 12,000
(Being rent paid)
E. Sales a/c Dr 10,000
To Cash a/c 10,000
(Being goods sold for cash)
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