Question

Bhanu commenced business with cash1,00,000
Purchased goods on credit from Ramesh40,000
Sold goods for cash30,000
Paid salaries 3000
Furniture purchased for cash10,000
​

Answer 1

Answer:

Cash a/c. dr 100000

to capital a/c. 100000

Purchase a/c. dr 40000

to ramesh a/c. 40000

Salary a/c. dr 3000

to cash a/c. 3000

Furniture a/c. dr 10000

to cash a/c. 10000

Hope it helps you