1 and 6 pls answer the journals
And explain
In 1 Equation
Debit cash paid for acquiring business and debit stock, furniture, debtors, machinery and
Credit creditors and the balance between debit and credit should be shown on credit side as capital a/c
In 6 Equation
Debit Drawings Rs.700 and credit cash Rs.500 and purchase Rs.200
this so because goods took away for personal use is to be reduce from puchases
Debit cash paid for acquiring business and debit stock, furniture, debtors, machinery and
Credit creditors and the balance between debit and credit should be shown on credit side as capital a/c
In 6 Equation
Debit Drawings Rs.700 and credit cash Rs.500 and purchase Rs.200
this so because goods took away for personal use is to be reduce from puchases