Question

plz enter journal entries​

Answer 1

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(Being Money Withdrawn from Bank)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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