Mr._______ started business with 8 lakh purchased furnitures for 1 lakh and purchased goods for 1lakh 50,000 salary payed 1 lakh interst is 100rs
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2
Answer:
Explanation:
CASH A/C DR 8,00,000
TO CAPITAL A/C 8,00,000
( COMMENCED BUSINESS)
-----------------------------------------
FURNITURE A/C DR 1,00,000
TO CASH A/C 1,00,000
( FURNITURE PURCHASED)
----------------------------------------
PURCHASE A/C DR 1,00,000
TO CASH A/C 1,00,000
( PURCHASED GOODS FOR CASH)
----------------------------------------
SALARY A/C DR 50,000
TO CASH A/C 50,000
( SALARY PAID)
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