Question

Class Work Problen CW1 The following are the transactions of Popular Store: Srawan 1 Started business with cash Rs.60,000 Srawan 2 Opened account in the Everest Bank Limited with Rs 50,000. Srawan 4 Goods purchased from Pradesh for Rs. 10,000 Srawan 6 Paid to Pradesh by cheque Rs.5.000. Required a) Journal entries b) Ledger accounts (Ans Debit balance of bank a/c Rs.45,000 Credit balance of Prades into ledger

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Answer 1

Answer:

50k

Explanation:

because he speant his own money not bank credit balance =50k

Debit balance = 45k