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1 - Business started with cash 8,000 and plant & machinery 3,000.2 - Stock purchase for sale (cash purchase)= 3,000, credit purchase = 5,0003 - Wages paid 120,000 (including 20,000 relating to a future year).4 - Salaries paid 200,000 but due 110,000.5 - Sales made for cash 600,000 & on credit 800,000.6 - Depreciation 10 percent on plant & machinery.7 - Goods costing 20,000 destroyed by fire.8 - Payment made to creditors to the value of 200,000 at 10 percent |
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Answer» here is your answer ✴️1️⃣ cash a/c Dr. 8000 plant and machinery a/c Dr.3000 To capital a/c 11000(start business with cash and plant & machinery) 2️⃣. purchases a/c Dr. 8000 To cash a/c 3000 To creditors a/c. 5000( purchase goods on cash and credit of 8000)3️⃣ prepaid wages a/c Dr. 20000 wages a/c. Dr. 100000 To cash a/c. 120000( paid wages )4️⃣ salary a/c Dr. 200000 To cash a/c. 200000( salary paid)salary a/c Dr. 110000To salary outstanding a/c 110000 ( being salary outstanding)5️⃣ cash a/c Dr. 600000 debtors a/c Dr. 800000 To sales a/c. 1400000( sales of goods)6️⃣ deprecation a/c Dr. 300 To plant & machinery a/c 300( value of plant and machinery depreciated)7️⃣ LOSS by FIRE a/c Dr. 20000 To purchases a/c 20000( loss of goods by fire) 8️⃣. creditors a/c Dr. 200000 To cash a/c. 180000 To discount a/c. 20000( payment made to creditors) ✳️may this helps you ✳️❇️❇️ kushpreetsaini30739❇️❇️ |
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