Question

Pass Journal Entry-

A running business was purchased by Mohan with following assets
cash- 2000
Land- 4000
Furniture- 1000
Stock- 2000
Creditors- 1000
Bank O/D- 2000​

Answer 1

Answer:

cash 2000. Dr

Land 4000. Dr

Furniture 1000. Dr

Stock 2000. Dr

Creditors 1000. Dr

Bank O/D 2000. Dr

To cash A/c 12000