⚫ Started business with cash Rs1,00,000 , Machinery 50,000 , Furniture1,00,000 ⚫ Interest on [email protected]%per annum⚫ Purchase goods worth Rs.10,000⚫ Depreciation on furniture 10%⚫Sold goods Rs.1000 on credit⚫Rs.200 receiable from Rohit is irrecoverable⚫ Machinery costing Rs.20,000 sold at 10%lossPLEASE MAKE A JOURNAL ENTERY

⚫ Started business with cash Rs1,00,000 , Machinery 50,000 , Furnitu

1.	⚫ Started business with cash Rs1,00,000 , Machinery 50,000 , Furniture1,00,000 ⚫ Interest on [email protected]%per annum⚫ Purchase goods worth Rs.10,000⚫ Depreciation on furniture 10%⚫Sold goods Rs.1000 on credit⚫Rs.200 receiable from Rohit is irrecoverable⚫ Machinery costing Rs.20,000 sold at 10%lossPLEASE MAKE A JOURNAL ENTERY
Answer» ● Explanation:CASH a/c dr. 1,00,000machinery a/c dr. 50,000furniture a/c dr. 1,00,000to CAPITAL a/c 2,50,000(for STARTED BUSINESS with cash, machinery and furniture).

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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