1.

Harish started business with cash 18000 purchased goods for cash 5000and on credit 2000. Sold goods for cash 4000(coasting 2400. Rent paid 1000and rent outstanding 200.

Answer»

Cash a C Dr.
To capital a c

PURCHASES a c Dr.
To cash a c

Purchases a c Dr.
To creditors a c

Cash a c Dr. 4000
To sales a c. 2400
To PROFIT on sale of goods. 1600

RENT a c Dr.
To cash a c

Rent OUTSTANDING a c Dr.
To cash a c



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