Question

On 1st January, 2020 Mr.Pathik started a Readymade garments business in

and invested Rs.5000000​
journal entry​

Answer 1

Explanation:

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Exercise 1 journal entries

On April 01, 2020 Anees started business with Rs. 100,000 and other transactions for the month are:

2. Purchase Furniture for Cash Rs. 7,000.

8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store.

14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000.

18. Owner withdrew of worth Rs. 2,000 for personal use.

22. Paid Khalid Retail Store Rs. 500.

26. Received Rs. 10,000 from Khan Brothers.

30. Paid Salaries Expense Rs. 2,000

Rs Brazilian Reais - Please use CAD for Canadian dollars

Prepare Journal entries