Prepare the journal by recording the following transactions 3-Dec Mrs. Vinita started business by transferring amount from her saving account

Prepare the journal by recording the following transactions 3-Dec Mrs. Vinita started business by transferring amount from her saving account

Question:

Don't use plagiarized sources. Get Your Custom Assignment on
Prepare the journal by recording the following transactions 3-Dec Mrs. Vinita started business by transferring amount from her saving account
From as Little as $13/Page

Prepare the journal by recording the following transactions  

Transcribed Image Text:

3-Dec Mrs. Vinita started business by transferring amount from her saving
account to the business bank account Rs500000
5-Dec She Purchased godown to stock goods worth Rs 100000
7-Dec She purchased goods for sale, costing her Rs 300000
8-Dec She sold off the entire goods at Rs 500000, credit sales
10-Dec She paid salary to employees Rs 20000 through bank account

Expert Answer:

Answer rating: 100% (QA)

JOURNAL TRANSACTIONS Journal Entries 3 Dec Bank Account Dr 500 000 Capital Account Cr 5
View the full answer