journal entries
1 Mr x started a business with cash Rs 75,000
2 Goods sold for Rs 2,000 to hari
3 goods sold to janak for rs 8,000
4 goods sold to ram for rs 4,000 and received 1,000 as partial payment
5 ram became insolvent and he could rs. 3,200 from his estate
6 binam became insolvent and he could pay rs,800 from his estate
7 bikash became insolvent and he could pay Rs. 1,800 only from his estate
help me please
Answers
Answer:
Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.13-Apr-2021
Explanation:
Mark me as brainliest please bro
Answer:
Explanation:
Cash a/c dr 75,000
To capital a/c 75,000
( commenced business with
cash )
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Cash a/c dr 2,000
To sales a/c 2,000
( cash sales )
---------------------------------------
Cash a/c dr 8,000
To sales a/c 8,000
( cash sales )
---------------------------------------
Cash a/c dr 1,000
Ram a/c dr 3,000
To sales a/c 4,000
( goods sold to ram for
rs 4,000 and received
1,000 )
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Bad debt a/c dr 5,800
To Ram a/c 3,200
To binam a/c 800
To bikash a/c 1,800
( ram,binam,bikash became insolvent and
he could rs. 5,800 from his estate)
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