Question

dealer in
Ja
10.Pass journal entries in the books of Hari who is a
sports items.
2017
Jan
Ja
J
Ja
Ja
1 Commenced business with cash 50,000
2 Purchased goods from Subash on credit 20,000
4 Sold goods to Ramu on credit 15,000
8 Ramu paid the amount through cheque
10 Cheque received from Ramu is deposited with the bank
15 Sports items purchased from Gopal on credit * 10,000
18 Paid rent for the proprietor's residence * 1,500
20 Paid Gopal in full settlement after deducting 5% discount
25 Paid Subash 4,750 and discount received 250
uc
028 Paid by cash; wages 500; EB charges 3,000 and trai
expenses 1,000
Ja
1​

Answer 1

Answer:

dl. Prepare an

an

accounting equation :

(i) Started business with cash 80,000

e stock E 30,000

(1) Credit purchase of goods from

MS itd.) for $20,000

(60

15,000

use