Question

pass the necessary journal entry for the following transaction.
Pls answer these questions
(they are not given in the book)​

Answer 1

1st.

Bank a/c Dr 10,000

to capital a/c 10,000

2nd.

cash a/c Dr 5000

to bank a/c 5000

3rd.

cheque in hand a/c Dr 11,880

discount a/c Dr 120

to Rames 12,000

4th.

Bank a/c Dr 11880

to cheque in hand a/c. 11880.

.........