Question

business started with cash 125000 1)purchase goods for cash rupees 50000 2) purchase furniture from RK furniture 10000 3) sold goods to Parul traders costing rupees 7000 in 9000 4)paid cartage rupees hundred5) cash paid to RK furniture in full settlement 907006)cash sales costing rupees 10000 in 12000 7)rent receive 40008 )cash withdrawn for personal use rupees 3000​

Answer 1

Answer:

cash a/c Dr

to Capital

purchase a/c Dr

cash a/c

furniture a/c Dr 10,000

to rk furniture a/c 10,000

parul a/c Dr 9,000

to sales a/c 9,000

cartage a/c Dr

to cash a/c

rk furniture a/c Dr 10,000

to cash a/c 9,700

to discount received a/c 300

cash a/c Dr

to sales a/c 12,000

cash a/c Dr

to rent a/c

drawings a/c Dr

to cash a/c