What is the entry of: Income tax liability of propreiter ₹17000 was paid out of petty cash.
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Explanation:
Cash Book
Dr.
Cr.
Date
Particulars
L.F.
Cash
(₹)
Date
Particulars
L.F.
Cash
(₹)
2018
2018
Jan 01
Capital A/c
2,00,000
Jan 02
Furniture A/c
50,000
Jan 07
Sales A/c
28,000
Jan 03
Purchases A/c
30,000
Jan 15
Sales A/c
10,000
Jan 05
Freight A/c
500
Jan 10
Ramesh A/c
20,000
Jan 20
Wages A/c
10,000
Jan 31
Balance c/d
1,27,500
2,38,000
2,38,000
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