Question

Akil has the following hancation
Started business with cash 50000
Purchase goods on Credit RS 40000
Sold good wisa Costing 27000 on credit
Bank loan recieved 80000
prepare journal​

Answer 1

Answer:

I don't know this question

Answer 2

1.Cash A/c .dr 50000
To capital 50000
2. Purchases a/c .dr40000
To creditor40000
3 debtor a/c .dr 27000
To sales27000
4. Bank a/c .dr 80000
To bank loan 80000