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
​​

Answer 1

Answer:

Jan 1 By Cash 10000

By Stock 5000

7 To Cash 5000

By Bank 5000

11 To Cash 1000

17 To Stock 500

31 By Profit 3000

To bal c/d 16500