Question

Kindly write journal entries of highlighted questions

Answer 1

1. Cash a/c Dr. 1200
To asset a/c. 900
To profit on sale of asset. 300

2.Bank a/c. Dr.
To cash a/c

Answer 2

for question no 1 :
i believe that
goods used in making of furniture journal entry wont come . there is no monetary transaction event ..

for q2)
bank A/c  Dr   6600
    To cash A/c            6600
(being bank account opened by cash)

Hoe its useful ..