Question

Joumalise the following transactions:
2020 Commenced business with
March1 Cash Rs.5000,
Stock of goods Rs.20000,
Machinery Rs.10000 and
Bills receivable Rs. 1000​

Answer 1

Answer:

1. Cash debit

purchase debit

machinery debit

bills receivable bebit

to capital a/c

Answer 2

Answer:

CashA/c dr 5000

Stock a/c dr 20000

Machinery a/c dr 10000

Bill recevable a/c dr 1000

To capital a/c 36000

(being commenced cash with stock, machinery, bills recevable)