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Business, 13.02.2021 17:40 mecennabosaaen

MO EXERCISES Following transactions are given to you:
Started business with cash balance Rs. 1,00,000
2 Purchased furniture for Rs. 50,000
Purchased goods Rs.200,000 in cash and Rs. 100,000 on credit
Paid to creditor of Rs. 25,000
1 Furniture sold for Rs. 20,000.
15 Sold goods for Rs 15,000.
Journal entries
Give journal entry for the following transactions:
Commencement of business with cash Rs 2,00,000 and furniture Rs 50,000
Cash purchase Rs 50,000​

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Answers: 2

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MO EXERCISES Following transactions are given to you:
Started business with cash balance Rs. 1...
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