hyy anyone solve this question
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Journal entry
1)Cash A/c Dr 100000
To capital A/c 100000
(started business with cash)
2)Prepaid rent A/c Dr 3000
To cash A/c 3000
(Being rent paid in advance)
3)Purchases A/c Dr 70000
To cash A/c 50000
To Creditor A/c 20000
(Being purchases goods for cash and credit )
4)Cash A/c Dr 80000
To sales A/c 80000
(being sales made)
5)salary A.c Dr 4500
To cash A/c 4500
(Being salary paid)
salary A/c Dr 1000
To outstanding salary A/c 1000
(being salary due)
6)Drawings A/c Dr 30000
To cash A/c 30000
(being motor cycle purchased for personal use)
hope Its useful ..!!!!!
Further doubts inbox me
1)Cash A/c Dr 100000
To capital A/c 100000
(started business with cash)
2)Prepaid rent A/c Dr 3000
To cash A/c 3000
(Being rent paid in advance)
3)Purchases A/c Dr 70000
To cash A/c 50000
To Creditor A/c 20000
(Being purchases goods for cash and credit )
4)Cash A/c Dr 80000
To sales A/c 80000
(being sales made)
5)salary A.c Dr 4500
To cash A/c 4500
(Being salary paid)
salary A/c Dr 1000
To outstanding salary A/c 1000
(being salary due)
6)Drawings A/c Dr 30000
To cash A/c 30000
(being motor cycle purchased for personal use)
hope Its useful ..!!!!!
Further doubts inbox me
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