Journalise the following transactions and also identify the concept involved in it :
a. Anil invested Rs.40,000 as additional capital into his business.
b. Closing stock was valued at Rs.28,000. (Market value Rs.24,000)
Answers
Answered by
2
Answer:
Transactions
Assets
=
Liabilities
+
Capital
Cash
(Rs)
+
Bank
(Rs)
+
Stock
(Rs)
=
Creditors
(Rs)
(Rs)
(i)
Started business with cash
45,000
=
45,000
45,000
=
45,000
(ii)
Opened a Bank Account with a deposit
– 4,500
+
4,500
=
40,500
+
4,500
=
45,000
(iii)
Bought goods from M/s. Sun & Co.
11,200
=
11,200
40,500
+
4,500
+
11,200
=
11,200
+
45,000
Total Assets
=
Cash + Bank + Stock
=
40,500 + 4,500 + 11,200
=
Rs
56,200
Liabilities
=
11,200
Capital
=
45,000
Explanation:
GOOD AFTERNOON
HOPE THIS WILL HELP YOU.
Answered by
0
Answer:
4500 is the write answer
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