Question

Komal started business with cash rupees 5,33,000
Paid for wages rupees 2,000
Purchased goods for cash rupees 1,05,000on credit rupees 1,02,500

Answer 1

Answer: Cash A/C Dr. 533000

To capital A/C 533000

(Started business with cash)

Wages A/C Dr. 2000

To cash A/C 2000

(Paid for wages)

Purchases A/C Dr. 207500

To cash A/C 105000

To creditor A/C 102500

(Purchased goods on cash and on credit)

PLZ MARK IT AS BRAINLIST.

Explanation:

Answer 2

Journal Entry

Explanation:

                             Books of (---- Limited)

                                   Journal Entry

Date       Account Title and Explanation    Debit       Credit

             Cash                     A/C Dr.              5,33,000

                  To capital        A/C                                     5,33,000

                        (Being business started with cash)

            Wages                    A/C Dr.               2,000

                 To cash              A/C                                     2,000

                         (Being wages paid from cash)

              Purchases                   A/C Dr.       2,07,500

                      To cash              A/C                              1,05,000

                      To creditor          A/C                             1,02,500

                (Being purchase goods from cash and credit)

Learn more:

https://brainly.in/question/7567279

#learnwithbrainly