InterviewSolution
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Purchased goods from cash Rd.200000 |
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Answer» e that u asked to prepare journal entries1) CASH A/c dr 100000 To capital A/c 100000(being started business with cash )2)PURCHASES A/c dr 50000 To cash A/c 20000 To Creditor A/c 30000(Being goods PURCHASED on cash and CREDIT )3) working note cash =10000+10000*0.20 =12000 credit =15000+15000*0.20 =18000Cash A/c Dr 12000 Debtor A/c Dr 18000 To sales A/c 30000 ( being goods SOLD on cash and credit )HOPE IT HELPS |
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