Question

give me a solutions
give me a solutios

Answer 1

Hey, ✋ there your answer is _______,

⏩ Journal Entry are as follows :

$question.1$

a) Capital A/c Dr. 1,20,000
To Cash A/c 1,20,000
(Being capital is introduced by X)

b) Goods Purchases A/c Dr. 22,000
To Cash A/c 22,000
(Being goods purchased for cash)

c) Furniture A/c Dr. 3,000
To Cash A/c 3,000
(Being furniture purchased for cash)

d) Cash A/c Dr. 7,200
To Commission Received A/c 7,200
(Being commission received)

e) Cash A/c Dr. 21,000
To Goods Sold A/c 12,000
To Profit on Sale of Goods A/c 9,000
(Being goods sold on profit)

f) Expenses Paid A/c Dr. 800
To Cash A/c 800
(Being expenses paid)

g) Creditor A/c Dr. 2,000
To Sold Goods A/c 1,500
To Profit on Sale of Goods A/c 500
(Being sold goods on credit for profit)

h) Rent Paid A/c Dr. 12,000
To Cash A/c 12,000
(Being rent paid )


✔ Hope it may helps u....!!! ☺