Question

(a) decrease in assets - decrease in spital
1. Write joernal entries for the following tractions we explain secounting treatme
based on equation
(1) Commenced business with eapital of 30.000
(3) 20,000 deposited with and opened account
0) Goods of 40.000 purchased from Himani on credit
(4) Coeds of 90.000 purchased for cash
(5) Goods of 15.000 sold for 55.000 to Jaslin on credit
16) Goods of 10,000 sold for 18,000 in cash.
(17) Goods of 2000 returned to Himani.
Goods of 1000 returned by Jaslin
9) Accounts are settled with Himani and Jaslin,
Withdrew 5000 from bank
(1) Salary of 4000 paid by cheque
(13) Commission received in cash 3000 and 2500 are outstanding,
013) Rent paid in cash 4000 and + 1500 are outstanding
(1) Goods donated 2000.
(15) Furniture of 15,000 purchased from Prexa Furniture Mart
(16) College fees of daughter paid ? 6000
(17500 bank has credited for interest and debited 200 for bank charges.
2500 received in advance for interest
(19) Advertisement expense paid in advance 2000,​

Answer 1

Answer:

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