Question

Example 1) Viraj has commenced business with the name of Manan enterprise. Write journa
entries from transaction of July 2018.
Introduced capital of Rs 50,000 and commence business
4) Brought goods of Rs 10,000, furniture of Rs. 2,000 and debtors of Rs. 30,000
business
y Sold bike of Rs. 20.000 for 15,000 out of which Rs. 10,000 introduced in business
47 Brought in business personal receivables of Rs. 6,000 and payables Rs 4,000
J6) Paid income tax of Rs. 500
20) Withdrawn Rs. 1.000 from business for personal use.
22) Paid Rs. 200 for life insurance premium from business
2) Withdrawn goods of Rs. 400 for personal use from business
31) College tuition fees of son of Rs. 500 paid from business​

Answer 1

Answer:

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