Question

I want full answer with particular and narration​

Answer 1

Answer:

Required Journal Entries :

• Cash ac Dr. 50,000

To capital ac 50,000

( Dinesh started business )

• Cash ac Dr. 10,000

To sales ac 10,000

( Cash sales )

• Purchases ac Dr. 15,000

To cash ac. 15,000

( Purchases good )

• Sales ac Dr. 5,000

To Plant and machinery ac 5,000

( Sold plant and machinery )

• Rahim ac Dr. 3,000

To cash ac. 3,000

( Cash paid to Rahim )

• Salary ac Dr. 8,000

To cash ac. 8,000

( Salary paid )

Note :

• Write dates on each transactions in journal

• Wite the amount correctly in debit and credit sides