Question

varun started business with cash 10000 and furniture for 5000 ..​

Answer 1

Explanation:

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Answer 2

Answer:

Journal Entries

Explanation:

Cash A/c                           Dr.       10,000

Furniture A/c                    Dr.         5,000

            To Capital A/c                                     15,000

(Being business started with cash & furniture)

Purchase A/c               Dr.

           To Cash A/c                        

(Being goods purchased for cash)

Purchase A/c                Dr.

          To Rohit

(being goods bought from Rohit)

cash A/c                   Dr.

      To Sales A/c        

(Being goods sold for cash)

Goldy                       Dr.

      To Sales A/c

(Being goods sold to goldy)

Rohit                      Dr.

   To Purchase return A/c

(being goods returned to Rohit)

Charity A/c               Dr.

           To Purchases A/c

(being goods given as Charity)

Sales return A/c           Dr.

      To Goldy

(Being goods returned by Goldy)

Loss by Fire A/c               Dr.

          To Purchase A/c

(Being goods lost by fire)

Free Sample A/c             Dr.

         To Purchase A/c

(being goods given as sample)

Hope this journal entries help you dear :)

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