Question

journalise the transactions

1) further introduced capital in business with cash of Rs. 4,00,000

2) withdraw furniture of Rs. 15,000 from business

3) paid cash for rent of 5000 from business account

Answer 1

1. Cash A/c Dr. 4,00,000
to capital A/c 4,00,000
2. Drawings A/c Dr. 15,000
to furniture A/c 15,000
3. Rent A/c Dr. 5000
to cash A/c 5000


I HOPE THIS WILL BE USEFUL. DON'T FORGET TO SAY THANKS.

Answer 2

Cash Dr 400000
To Capital 400000


Furniture Dr 15000
To purchase 15000
OR
Drawings Dr 15000
To Furniture 15000


Rent/Drawings Dr 5000
To Cash 5000