Question

Journalise the following transactions in balance books 1985 January date 1 Mr balon started business by investing cash rupees 50000 he bought goods of rupees 4000 and furniture of rupees 500 to purchased building for rupees 10000 date 3 purchased goods for cash rupees 3000 date for purchased goods on credit rupees 2500 date 5 paid cartridge rupees 20

Answer 1

Explanation:

In 4 th entry if there is a firm name given like "Wolf stars &co" then in place of credit the firm's name would be written