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Mr. Someone started business with 8 lakh purchased furnitures for 1 lakh and purchased goods for 1lakh 50,000 salary payed 1 lakh interest is 100rsCLASS 11ACCOUNTANCY |
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Answer» Explanation: TO CAPITAL A/C 8,00,000 ( COMMENCED BUSINESS WITH CASH) ------------------------------------------ FURNITURE A/C DR 1,00,000 TO CASH A/C 1,00,000 ( FURNITURE PURCHASED) ------------------------------------------ PURCHASE A/C DR 1,00,000 TO CASH A/C 1,00,000 ( PURCHASED GOODS ) ----------------------------------------- SALARY A/C DR 50,000 TO CASH A/C 50,000 ( SALARY PAID ) ---------------------------------- |
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