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Answer»

ANSWER:

cash A/c Dr. 20,000

To BANK A/C 20,000

( paid to bank for opening a current ACCOUNT)

withdraw A/C Dr. 1,000

To expense A/ C 1,000

( withdraw from private expenses)

Bank A/C Dr. 3,000

To withdraw A/C 3,000

( withdraw from bank)

Bank A/C Dr. 2,000

To withdraw A/C 2,000

( withdraw from bank for private USE)

cash A/C Dr. 5,000

To Bank A/C 5,000

( placed on fixed DEPOSIT amount to bank by transfer from current account)

Bank A/C Dr. 2,500

To purchase A/C 2,500


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