Question

Journalists the following transactions :
1) sold goods costing (3,0000) Rs 35,000

2) depreciation charge on building Rs 10,000

3) fresh capital introduced Rs 50,000

Answer 1

1. Cash A/c Dr. 20.000
Profit and loss A/c Dr. 10.000
to sales A/c 30.000
2. depreciation A/c Dr. 10.000
to Machinery A/c. 10.000
3. Cash A/c Dr. 50,000
to capital A/c 50,000