Question

Prepare Yadav's Capital Account from the following transactions
2019
Jan 1 ) Yadav introduced 10,000 in cash and goods worth 5000

Jan 7) He deposited cash 5,000 in bank
jan11) He withdrew cash for his private use 1.000

Jan 17) Yadav takes goods for his wife 500

jan31) Yadav's profits for the months 3,000
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Answer 1

Answer:

Jan 7) He deposited cash 5,000 in bank

jan11) He withdrew cash for his private use 1.000

Jan 17) Yadav takes goods for his wife 500