Prepose the journal entries a. abc ltd commerce business with 10000rs

1.	Prepose the journal entries a. abc ltd commerce business with 10000rs b. purchase goods 5000rs on cash c. sold goods 2000 on cash d.paid rent 1000rs
Answer» Answer : __________________________________ Journal ENTRY :- 1) Cash Ac Dr...10000 To, Capital Ac Cr...10000 ( Being Started business with cash ) 2) PURCHAS Ac Dr..5000 To, Cash Ac Cr...5000 ( Being goods purchased ) 3) Cash Ac Dr...2000 To, Sales Ac Cr..2000 ( Being sold goods for cash) 4) Rent Ac Dr...1000 To, Cash Ac Cr...1000 ( Being Rent paid ) ___________________________________ Thanks & Good day!! © Sachin Bhalerao

Prepose the journal entries a. abc ltd commerce business with 10000rs b. purchase goods 5000rs on cash c. sold goods 2000 on cash d.paid rent 1000rs

Answer»

Answer :

__________________________________

Journal ENTRY :-

1) Cash Ac Dr...10000

To, Capital Ac Cr...10000

( Being Started business with cash )

2) PURCHAS Ac Dr..5000

To, Cash Ac Cr...5000

( Being goods purchased )

3) Cash Ac Dr...2000

To, Sales Ac Cr..2000

( Being sold goods for cash)

4) Rent Ac Dr...1000

To, Cash Ac Cr...1000

( Being Rent paid )

___________________________________

Thanks & Good day!!

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