Question

From the following information, pass necessary journal entries :
2018
Jan. 1. commenced business with cash 50,000

Jan. 5. purchase furniture of 2000 and goats * 20000

Jan 20. paid rent 400

Jan 25. purchase goods from Mayank 3,000.​

Answer 1

Answer:

cash A/c

to capital A/c

furniture A/c dr.

livestock A/c dr.

to cash A/c

rent A/c dr.

to cash A/c

purchase A/c dr .

to cash A/c. (as we have paid the money)

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