Question

started bussines with cash 50000 d goods 20000 bought goods for cash 15000
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Answer 1

Answer:

1.cash a/c Dr. 50,000

purchases a/c Dr. 20,000

To capital a/c Cr. 70,000

(Being business has started with cash and goods)

2. purchases a/c Dr. 15,000

To cash a/c Cr. 15,000

(Being goods bought for cash)

Explanation:

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