1.

Jan 1 Commenced business with cash rs50000 Jan 3 bought goods for cash rs30000 jan5 sold goods for cash rs45000 jan10 paid rent rs15000 Jan 25 paid salaries rs25000

Answer»

ong>Answer:

journal entries

Jan 1 cash account. Dr 50000

to CAPITAL account. 50000

Jan 3 purchase account Dr 30000

to cash account. 30000

Jan 5 cash account. Dr 45000

to SALES account. 45000

Jan 10 rent account. Dr. 15000

to cash account. 15000

Jan 25 salaries account Dr 25000

to cash account 25000



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