Journalise the following transactions:
a. Cash Rs.50000 and Machinery of Rs.10000 invested in business.
b. Sold goods to Ram for Rs.10000 and received 60% of the amount in
cash.
c. Proprietor withdrew cash Rs.2000 and goods Rs.4000 for personal
use.
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Answer:
cash 50,000
machinery 10,000
to capital 60,000
cash 6000
ram 4000
to sales 10,000
drawings 6000
to cash 2000
to stock 4000
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