Question

Write closing entries for :

1. Purchase account Rs.20,000.

2. Sales account Rs.30,000.

3. Salary account Rs.5,000.​

Answer 1

Answer:

trading a/c Dr. 20000

To purchase a/c . 20000

sales a/c Dr. 30000

To Trading a/c 30000

profit and loss. Dr. 5000

To salary a/c. 5000