Question

On 1st January, 2019 Madhu started business with the capital of 20,000, her other transactions
were as follows- Jan. 2 purchase from Prabhat 5,000. Jan. 3 Payment made to Prabhat 3000. Jan. 4 Goods returned to Prabhat 200. Jan.5 Cash received from Prabhat 1,500. Jan. 10 Payment
made to Prabhat 900, discount received 10.
Prepare Prabhat's personal a/c. from the above transactions-​

Answer 1

Answer:

Jan2 purchase account dr to Prabhat

Prabhat account dr to cash

Prabhat to purchase account