Question

Pradeep commenced business with 1,00,000
Purchased land for 24.000
Constructed building at a cost of 25,000 and paid in cash.
Purchased furniture for 5,000
Purchased goods for 8,000 in cash.




Accounting equation ​

Answer 1

Answer:

journal. Dr. cr.

1) land a/c. Dr. 24000

to cash. .24000

2) building.a/c. Dr. 25000

to cash. .25000

3) furniture a/c. Dr. 5000

to cash. 5000

4)stock/goods a/c. Dr 8000

to cash. 8000