Question

Withdrew for personal use goods costing Rs. 5,000.
Purchased typewriter for personal use of the proprietor Rs. 20,000
Purchased chairs for office use for cash Rs. 10,000
Paid for printing Rs. 500 and received commission Rs.1,200.​

Answer 1

Answer: drawing a/c dr 20000

To typewriter a/c 20000

Chair a/c dr 10000

To cash a/c 10000

Printing expenses a/c dr 500

To cash a/c 500

Cash a/c dr 1200

To commission a/c 1200

Explanation: