Question

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Transaction:
•Andrew commenced business with cash 1,00,000
• Bought goods for cash 60,000.
•1/3rd of the above goods sold at a profit of 20% on cost half the payment received in cash.



-_+ lemme see how much brain uh ppl havin.



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Answer 1

Answer:

Cash A/C Dr. 1,00,000

To capital A/C 1,00,000

Purchases A/C Dr. 60,000

To cash A/C 60,000

Cash A/C Dr. 12,000

Creditors A/C Dr. 12,000

To sales A/C 24,000

Answer 2

You bought a dog which breed is it