Is there anyone to tell me basic book keeping journal entries please ?
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cash dr.
to capital
(being capital invested into the business)
purchases dr.
to cash
(being goods purchased for cash)
cash dr.
to sales
(being goods sold for cash)
drawings dr.
to cash
(being cash withdrawn for personal use)
to capital
(being capital invested into the business)
purchases dr.
to cash
(being goods purchased for cash)
cash dr.
to sales
(being goods sold for cash)
drawings dr.
to cash
(being cash withdrawn for personal use)
deb2000:
explain
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