Question

exchanged old delivery van of 40 000 for a new worth 80000 balance is paid 50/ from personal bank account and 50/ from business bank account pass a journal entry​

Answer 1

Answer:

Delivery Van a/c           Dr ₹80,000

  To Old Delivery Van a/c   ₹40,000

  To Capital a/c                   ₹20,000

  To Bank a/c                      ₹20,000

(Being new delivery van purchased by exchanging the old one and the remaining due paid by owner's personal a/c & bank a/c)

I hope it helps :)

Explanation: