Question

journalise the following transactions
1)sohan commenced business with cash 50000.
2) purchased goods for cash 10000.
3) paid into bank5000.
4) purchased furniture2000.
5)sold goods for cash7000.
6)sold goods to ram on credit 5000.
7)cash sales 3500.
8) paid to Mohan on account 3000.
9) paid wages100.
10) paid rent1200
11) paid salaries 2800

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Answer 1

Answer:

Soham commenced business with 1500

Answer 2

Answer:

cash account debited to Sohan capital account