plz enter journal entries
Answers
Answer:
1) Cash A/c Dr. -50000
To Capital A/c Cr. -50000
(Being Business Started By Prahlad)
2) Transaction is Wrong. it is Not Paid to Bank but it is Deposited into Bank
3) Furniture A/c Dr.- 2000
To Cash A/c Cr.- 2000
(Being Furniture Purchased)
4) Purchases A/c Dr.- 5000
To Cash A/c Cr.- 5000
(Being Goods Purchased)
5) Cash A/c Dr.- 10000
To Sales A/c Cr.- 10000
(Being Goods Sold)
6) Drawings A/c Dr.- 2000
To Bank A/c Cr. -2000
(Being Money Withdrawn from Bank)
7) Intrest A/c Dr.- 800
To Cash A/c Cr.- 800
(Being Interest Paid)
8) Salary A/c Dr.- 8000
To Cash A/c Cr- 8000
(Being Salary Paid)
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