Question

please solve this problem

Answer 1

1. cash a/c Dr. 20000
to capital a/c 20000.
2.machinery a/c Dr 6000
to cash a/c.
3.purchase a/c Dr 3500
to Avinash a/c...
rest you should do..... for practice...
hope it helps...

Answer 2

Hello!!

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1. Cash A/c. Dr 20000
To capital a/c. 20000
(being business started with cash).

2. Machinery A/c. Dr. 6000
To cash a/c. 6000
( being Machinery purchased).

3. Purchase A/c. Dr 3500
To Avinash a/c. 3500
( being goods purchsed on credit)

4. Drawing a/c. Dr. 950
To cash a/c. 150
To rent a/c. 80
( being insurance premium paid).

5 Drawing account . Dr. 500
To cash a/c. 500
(being cash withdraw)

6. Drawing a/c. Dr 1500
To cash a/c. 1500


7. Cash A/c. Dr. 4000
To sales A/c. 4000
(being sales made for cash).


8. Purchase a/c. Dr. 1200
Carriage A/c. Dr. 300
To Ajay a/c. 1500


9. General trade expense a/c. dr. 200
To cash A/c. 200

( being expense paid).

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