Following transactions are given Intresuced business with cash: Rs. 100,000
11 Purchased goods on cash Rs. 5,000 and credit Rs. 10,000
Required: Accounting Equation
Following transactions are given.
Sold goods on credit to Kamal Rs. 15,000 and paid carriage on behalf of Kamal Rs. 2.000
ii. Goods purchased from Hari Rs. 10,000.
Goods Rs. 2,000 returned by Kamal.
iv. Kamal settled his account and allowed him 10% discount.
Required:
a. Journal Entries
b. Kamal's Account