Question

hemand started business with cash 3000000 purchased goods for cash 80000 purchased goods from monika for credit 70000​

Answer 1

Answer:

cash a/c Dr 3000000

to capital a/c 3000000

purchase a/c Dr 80000

to cash a/c 80000

purchase a/c dr 70000

to monika 70000

Explanation:

all liability have cr balance ,all asset have Dr balance

all liability have cr balance ,all asset have Dr balance all expenditure have Dr balance,all income have cr balance if u want to reduce them do opposite of their balance