Question

Give journal entries and post them to cash account.

2016 Rs.

Jan 1 Started business with cash 20,000

7 Purchased goods from Ram for cash 2,000
I need ans fast
I will make as branlist if give me correct ans​

Answer 1

Cash A/c _ _ _ Dr. 20,000

To Capital A/c 20,000

( Being the business started with cash)

Purchase A/c _ _ _ Dr. 2000

To Cash A/c. 2000

( Being goods purchased for cash)

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