Question

purchased furniture-75000,purchased machinery-200000,rent paid-2500,received commission-12000,received cash from company-20000,addition capital-100000,paid cash-18000,paid carriage-5000,goods purchased on credit-10000,goods sold for cash-25000​

Answer 1

Answer:

furniture dr 75000

machinery dr 200000

cash cr 275000

rent dr 2500

cash cr 2500

cash dr 12000

commission cr 12000

cash dr 120000

capital cr 120000

direct exp. dr 23000

cash cr 23000

purchase dr 10000

creditors cr 10000

cash dr 25000

sales cr 25000