Question

Prepose the journal entries a. abc ltd commerce business with 10000rs b. purchase goods 5000rs on cash c. sold goods 2000 on cash d.paid rent 1000rs

Answer 1

Answer :

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Journal Entry :-

1) Cash Ac Dr...10000

To, Capital Ac Cr...10000

( Being Started business with cash )

2) Purchas Ac Dr..5000

To, Cash Ac Cr...5000

( Being goods purchased )

3) Cash Ac Dr...2000

To, Sales Ac Cr..2000

( Being sold goods for cash)

4) Rent Ac Dr...1000

To, Cash Ac Cr...1000

( Being Rent paid )

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© Sachin Bhalerao