Question

⚫ Started business with cash Rs1,00,000 , Machinery 50,000 , Furniture1,00,000
⚫ Interest on Capital@10%per annum
⚫ Purchase goods worth Rs.10,000
⚫ Depreciation on furniture 10%
⚫Sold goods Rs.1000 on credit
⚫Rs.200 receiable from Rohit is irrecoverable
⚫ Machinery costing Rs.20,000 sold at 10%loss

PLEASE MAKE A JOURNAL ENTERY​

Answer 1

Answer:

●

Explanation:

cash a/c dr. 1,00,000

machinery a/c dr. 50,000

furniture a/c dr. 1,00,000

to capital a/c 2,50,000

(for started business with cash, machinery and furniture).

Answer 2

Hey here's your answer.

Answer:-

1. Cash A|c____dr 1,00,000

To capital a|c 1,00,000

Machinery A|c____dr 50,000

To cash A|c 50,000

Furniture A|c....dr 1,00,000

To cash A|c 1,00,000

3. Purchases A|c....dr 10,000

To cash A|c 10,000

6. Bad debts A|c___dr 200

To rohit A| c 200

I hope this helped you.

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