Question

Prepare journal entries for the following transactions.
(a) Business started with the capital of Rs. 75,000.
(b) Purchased a computer of Rs. 30,000 from Ashim Computer and Parts and paid Rs. 15,000 as
partial payment.
(c) Goods of Rs. 10,000 destroyed by fire.
(d) Cash deposited into bank Rs. 50,000.
(e) Paid commission Rs. 5,000 through cheque.
(f) Received interest Rs. 10,000.
(9) Paid Rs. 14,250 to Ashim Computer and Parts through cheque in full settlement.

Answer 1

Answer:

cash acc dr 75.000

to capital acc 75.000