Purchased goods from cash Rd.200000
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i assume that u asked to prepare journal entries
1) cash A/c dr 100000
To capital A/c 100000
(being started business with cash )
2)Purchases A/c dr 50000
To cash A/c 20000
To Creditor A/c 30000
(Being goods purchased on cash and credit )
3) working note
cash =10000+10000*0.20
=12000
credit =15000+15000*0.20
=18000
Cash A/c Dr 12000
Debtor A/c Dr 18000
To sales A/c 30000
( being goods sold on cash and credit )
HOPE IT HELPS
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