Question

Start business with 75000 and purchased furniture 5000 and purchased goods 20000 and purchased good on credit for 16000 and goods cost 12000 sold on credit 15000 and paid rent 1000 plz solv this

Answer 1

Answer:

I'm assuming you're wanting journal Entries so—

bank dr 75k

to capital 75k

furniture dr 5k

to cash 5k

purchases dr 20k

to bank 20k

purchases dr 16k

to creditor's ac 16k

debtor's ac dr 12k

to sales ac 12k

rent ac dr 1k

to cash ac 1k

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