Question

Write Journal entry for the following transactions and explain accounting treatments

based on equation .

1. Commenced the business by Rs 15000 for cash and furniture of Rs 20000 by

Rammohan.

2. Salary is paid of Rs 1000

3. Life insurance premium paid Rs 500​

Answer 1

Answer:

your answer is ⚡

1. cash account Dr. 15000

furniture account. Dr. 20000

to, capital account. 35000

2. salary account. Dr. 1000

to, cash account. 1000

3. _______________¿

hope it helps you

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