Hi can anyone answer this pls
Answers
Answer:
here are the answers... Thanks for brushing up this topic..
Explanation:
Refer the notes what I have sent, dear
Answer:
Q1.
Because purchasing an asset means more asset is coming in.. and an asset ac is on the debit side. "debit what comes in, credit what goes out."
Q2.
credit side.
Q3.
c) nominal
Q4.
1) debit what comes in , credit what goes out.
2) Debit all expenses and losses, Credit all incomes and gains.
3) dr the receiver , cr the giver.
Q5.
in the books of....
Journal Entry
1. Cash dr
to capital
2. Furniture dr
to cash
3. purchases dr
to cash
4. purchases dr
to Hari & co.
5. Cash dr
to sales
6. Salary dr
to bank
7. electricity bill dr
to cash
8. telephone bill dr
to cash
9. stationary dr
to cash
remember:
put it in proper format. insert the amounts.
give notes in ( ) after every journal entry, starting with the word being.
(please mark me the brainliest! I would really appreciate it!!!)
(please mark me the brainliest! I've done way more that what youd get for 5pts. I would really appreciate it!!!)