Question

Can anyone solve this please

Answer 1

Answer:

1) cash a/c dr

Assets a/c. Dr

To capital a/c

[ being capital and assets brought into business]

Expenses a/c dr

Motor vehicle a/c. Dr

To cash a/c

[ being shop fittings and car purchased]

Rent a/c. Dr

To bank a/c

[ being Rent paid by cheaque]

Purchases a/c dr

To mr. Khatana a/c

[ being Goods purchased on credit]

Cash a/c. Dr

. To sales a/c

[ being sales proceeds for cash]

Wages a/c. Dr

Commission a/c. Dr

To cash a/c

[ being wages and commission paid]

Shyam a/c. Dr

To sales.a/c

[ being sales proceeds to shayam]