Question

Manish started buisness with cash 7000 journal and ledger​

Answer 1

Answer:

pls follow the given steps

Explanation:

Business started with cash 8,000 and plant & machinery 3,000.

2 - Stock purchase for sale (cash purchase)= 3,000, credit purchase = 5,000

3 - Wages paid 120,000 (including 20,000 relating to a future year).

4 - Salaries paid 200,000 but due 110,000.

5 - Sales made for cash 600,000 & on credit 800,000.

6 - Depreciation 10 percent on plant & machinery.

7 - Goods costing 20,000 destroyed by fire.

8 - Payment made to creditors to the value of 200,000 at 10 percent discount.

hope it helps u

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