Question

plz answer correct answer​

Answer 1

JOURNAL ENTRIES:-

1/1/2020

Cash a/c. Dr. 25,000

To Capital a/c. 25,000

(Being introduced capital)

3/1/2020

Bank a/c. Dr. 5,000

To Cash a/c. 5,000

(being opened bank account in SBI)

5/1/2020

Purchase a/c. Dr. 7,000

To Satish's a/c. 7,000

(being goods purchased from Satish on credit)

1/7/2020

Satish's a/c. Dr. 500

To purchase return a/c. 500

( being goods returned to Satish )

8/1/2020

Satish's a/c. Dr. 4,000

To Bank a/c. 4,000

(being cheque paid to Satish)

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