Question

 

Q.1. (1) Navneet started business with cash- Rs. 1,50,000

        (2) Purchased goods for cash-Rs. 35,000

        (3) Purchased goods on credit- Rs. 15,000

        (4) Purchased machinery for cash-Rs. 25,000

        (5) Paid wages and salaries- Rs. 20,000

        (6) Received commission- Rs. 8,000

 (7) Withdraw cash for personal use- Rs. 2,000

 (8) Sold goods on credit (cost price Rs. 35,000)- Rs. 50,000

 (9) Paid to creditors- Rs. 12,000

 (10) Received from debtors- Rs. 8,000​

Answer 1

Answer:

1 cash. dr

to capital

2goods. dr

to cash

4 machine. dr

to cash

5 wages & salary. dr

to cash

6 cash dr

to comission