Question

Jounnalize
1) stated business with cash ₹5000 and furniture of ₹6000
2) sold goods to Ramesh ₹ 500 and gave cash discount 10% 3) salary paid to Hari ₹800
4) commission received form M/s Mehta & Bros. ₹200
5) cash ₹1000 withdraw from the business for personal purpose.

Answer 1

Answer:

Explanation:

1.cash ac dr 5000

furniture ac dr 6000

              to capital ac  11000

(being cash and furniture brought into the business)

2. cash ac dr 450

   discount allowed ac dr 50

           to sales ac                       500

(being goods sold and gave cash discount)

3.salary ac dr 800

       to cash ac  800

(being salary paid)

4.cash ac dr 200

      to commission ac 200

(being commission received)

5. drawings ac dr 500

       to cash ac 500

(being goods withdrawn)