Question

. The following transactions are in the books of Santhosh. Prepare Accounting a) Business started with cash 1,00,000. b) Purchased goods from Chandan 50,000.
c) Cash paid to Chandan 20,000.
​

Answer 1

Answer:

cash A/c. DR

to santhos A/c

( commended business with cash )

purchase A/c. Dr

to chandan A/c

( credit purchase)

chandan A/c. Dr

to cash A/c

( paid to chandan)

Hope it helps you