Accounting Equation
Commerced business with cash. 80,000
Paid Salary. 4,000
Accrued Interest. 6,000
Commission recived in advance. 8,000
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1
Answer:
did you u want journal entry or explaintion
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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
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