Sold private car for 4,000 and bought a new one for business with the
proceeds plus 5,000 from office cash.
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Answer:
CAR A/C DR RS . 9000
TO CAPITAL A/C Cr RS.4000
TO CASH A/C Cr RS.5000
(BEING PURCHASE OF NEW CAR FOR OFFICE BY PAYING RS.5000/- FROM
BUSINESS AND RS.4000/- FROM HIS PERSONAL)
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