Question

HIN
o enter the
following transactions in the
journal
1045
Aprill Ramesh wined a lottery prize
of Rs 50,00
money and started business with that money.​

Answer 1

Answer:

heyaa,,

journal entries for the above transaction are as follows:

1. cash a/c Dr 5000

to lottery a/c 5,000.

2. lottery a/c Dr 5,000

to capital a/c 5,000.