Question

EXERC
1. Journalise the following transaction
(i) Business started with cash 10,000.
(iii) Goods sold 12,500.
(v) Office expenses paid 3,000.
vii) Interest received * 2,400.
(ix) Deposited 5,000 in the bank.
2. Pass necessary journal entries for​

Answer 1

1.cash ac Dr

to capital ac ₹10000

2.cash ac Dr

to sales ac ₹12500

3.office expenses ac Dr

to cash ac ₹3000

4.cash ac Dr

to interest ac ₹2400

5.bank ac Dr

to cash ac ₹5000

Answer 2

Answer:

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Explanation:

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