Question

Compound Entries
31. Journalise the following transactions in the books of Sania :
2017
April 1
Sania started business with cash 50,000, furniture 40,000 and machinery 1,10,000.
April 2
Purchased goods for cash 9,000 and on credit from Bhupathi 6,000.
April 3.
Received commission 12,000, interest 7,000 and bad debts recovered 6,000.​

Answer 1

Answer:

1 ap.2017 capital a/c dr. 50,000

furniture a/c. dr. 40,000

machinery a/c. dr. 1,10,000

To Cash A/c. 200000