Question

Hy users



Plzz solve this question from the journal entry...



1. Mahesh started business with cash Rs.5,00,000
2 He ordered his supplier Satish to send Rs.5,000 in worth of goods.



#NO SPAMMING#

Answer 1

Journal entry

Cash A/c    Dr    500000
     To capital A/c            500000
(being started business with cash )

purchases A/c        5000
         To sathish A/c               5000
(being goods purchased from sathish )

Hope its useful ...!!!!!!!!!

Answer 2

Answer:

mahesh commenced business with 20000