pass nesseary journal entries
1 started business with cash rs 500000 and goods of book value of rs 800000
2.purchase furniture from raj traders of rs 400000
3.goods given as charity rs 100000
4. rent outstanding of rs 80000
5.salaray prepaid of rs 250000
6. intrest recieved 50000 , half of which recieved in advance.
7.commisson earned but not yet recieved of rs 50000
8.taking a bank loan of rs 500000 from SBI
9.paid intrest on above bank loan@10%p.a.
10.cash of rs 15000 and goods worth 90000 withdrawn for household
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