Question

Accounting Equation

Commerced business with cash. 80,000
Paid Salary. 4,000
Accrued Interest. 6,000
Commission recived in advance. 8,000​

Answer 1

Answer:

did you u want journal entry or explaintion

Answer 2

Answer:

Cash a/c ....Dr. ₹ 80,000

To, capital a/c ₹ 80,000

Being, business started

Salaries a/c ..... Dr. ₹ 4,000

To, cash a/c ₹ 4,000

Being, salaries paid

Accrued interest a/c......Dr. ₹ 6,000

To, interest a/c ₹6,000

Being,the interest due but not received

Commission received a/c ....Dr. ₹ 8,000

To, commission a/c ₹8,000