Jan 1 Balan started business by investing cash Rs. 50.000
He bought goods of Rs. 4,000 and furniture of Rs. 500
2 Purchased building for Rs. 10,000
3 Purchased goods for cash Rs. 3,000
4 Purchased goods on credit Rs. 2,500
5 Paid cartage Rs. 20.
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Explanation:
Jan 2.
Cash
Stock of goods
Furniture
To capital.
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