Accountancy, asked by rajeev8064, 5 hours ago

The following transactions are related with the business of Mr. Zafar: a. Mr. Zafar started business with cash Rs.5,00,000. b. Purchased goods from Mr. A of Rs. 10,000. c. Purchased a plant for Rs. 8,000. d. Purchased equipment on account from Nadeem worth Rs. 10,000. e. Sold goods worth Rs.15,000 for cash. f. Sold goods to Mr. B for Rs.5,000. g. Returned goods to Mr. A of Rs.3,000. h. Received commission Rs.8,000. i. Amount withdrawn by Mr. Zafar for personal use Rs. 12,000. j. Goods returned by Mr. B worth Rs. 500.

Answers

Answered by Himanshi200594
0

Answer:

a. Cash A/c _____ Dr. 5,00,000

To Capital A/c. 5,00,000

( Being started business

with cash )

b. Purchases A/c______ Dr. 10,000

To Mr. A A/c. 10,000

( Being purchased goods )

c. Plant A/c ________ Dr. 8,000

To Cash A/c. 8,000

( Being purchased plant )

d. Nadeem A/c _______ Dr. 10,000

To Cash A/c. 10,000

( Being purchased equipment

on account of Nadeem )

e. Cash A/c ________ Dr. 15,000

To Sales A/c. 15,000

( Being sold goods )

f. Mr. B A/c __________ Dr. 5,000

To Sales A/c. 5,000

( Being sold goods to Mr. B )

g. Mr. A A/c ___________ Dr. 3,000

To Return Outward A/c. 3,000

( Being returned goods to Mr.A )

h. Cash A/c ____________ A/c. 8,000

To Commission A/c. 8,000

( Being received commission )

i. Drawings A/c _________ Dr. 12,000

To Cash A/c. 12,000

( Being withdrawn cash for

personal use )

j. Return Inward A/c ______ Dr. 500

To Mr. B A/c. 500

( Being goods returned by Mr.B )

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