prepare journal entry
1.started business with cash 40000
machinery 10000
2.buliding purchase for cash 48000
3.cash deposited into bank 11000
4.goods purchase from Deepak for cash 54000
Answers
Answer:
1. cash a/c Dr. 40000
to capital a/c 40000
(being the invested the business)
machinery a/c Dr. 10000
to cash a/c 10000
(being machinery purchased)
2. building a/ c Dr. 48000
to cash a/c 48000
(being building purchased)
3. bank a/c Dr. 11000
to cash a/c 11000
(being cash deposited into bank)
4. purchase a/c Dr. 54000
to cash a/c 54000
(being cash purchased)
Explanation:
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Details Dr ₹ Cr ₹
1.) Cash dr 40000
Machinery dr 10000
Capital 50000
2.) Building Premises 48000
Cash 48000
3.) Bank 11000
Cash 11000
4.) Purchases 54000
Cash 54000
Hope that helps!