Question

Mr. Someone started business with 8 lakh purchased furnitures for 1 lakh and purchased goods for 1lakh 50,000 salary payed 1 lakh interest is 100rs
CLASS 11
ACCOUNTANCY

Answer 1

Answer:

Explanation:

CASH A/C DR 8,00,000

  TO CAPITAL A/C 8,00,000

( COMMENCED BUSINESS

WITH CASH)

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FURNITURE A/C DR  1,00,000

   TO CASH A/C 1,00,000

( FURNITURE PURCHASED)

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PURCHASE A/C DR 1,00,000

   TO CASH A/C   1,00,000

( PURCHASED GOODS )

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SALARY A/C DR 50,000

   TO CASH A/C 50,000

( SALARY PAID )

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Answer 2

Answer:

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