Question

journalise the following transaction ​

Answer 1

Answer:

Required Journal Entries :

1 ) Cash ac Dr 10,000

To capital ac 10,000

( started business with cash )

2 ) Bank ac Dr. 5,000

To cash ac. 5,000

( paid into bank )

3 ) Purchases ac Dr. 1,000

To cash ac 1,000

( Purchased goods for cash )

Note :

• Write date on each transactions in journal

• Write amount in respective debit and credit sides.