Question

enter the following transaction in general journal goods purchased from ram for cash 2000 wrongly treated as cash transaction​

Answer 1

Answer:

(a) purchase a/c  Dr

   Cash a/c          Dr

              To Ram's a/c

(b) Salary a/c        Dr

             To Salary Outstanding a/c

(c) Cash a/c          Dr

              To Machinery a/c

(d) Interest on Capital a/c   Dr

                To Capital a/c

Explanation: