Please guys help me with this. Thank you!
Answers
Explanation:
1. Cash a/c. Dr. 30000
To Capital a/c. 30000
2. Machinery a/c Dr. 5000
To Cash a/c. 5000
3. Purchases a/c Dr. 2500
To Cash a/c. 2500
3. Cash a/c Dr. 4000
To Sales a/c. 4000
4. Purchases a/c. Dr. 3000
To Jai Simha a/c. 3000
6. Cash a/c. Dr. 5000
To Sales a/c. 5000
10. Interest Received a/c Dr. 2000
To Mukund a/c. 2000
11. Bank a/c. Dr. 6000
To Cash a/c. 6000
14. Jai Simha a/c. Dr. 3000
ToDiscount received a/c. 100
To cash a/c. 2900
16. Sales a/c Dr. 4000
To Venkat a/c. 4000
18. Cash a/c. Dr. 3890
Discount Allowed a/c Dr. 110
To Venkat a/c. 4000
19. Rent a/c. Dr. 500
To Bank a/c. 500