Question

Paid 70000 for timber and 30000 towards wages of carpenter for office building

Answer 1

Answer:

100000

BECAUSE

70000

+30000 IS 100000

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit       Credit

               Furniture                         A/c Dr.     1,00,000

                To Cash                                A/c                     1,00,000

                          (Being furniture made for office use)

Amount of furniture account:

Furniture account = wages + timber expenses

Furniture account = 30,000 + 70,000

Furniture account = 1,00,000

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