From the following particulars prepare the account of Xavier the proprietor of the business.
(1)capital introduced rs.30,00,000
(2)cash with drawn for daughters marriage rs.5,00,000
(3)sold father's investments and brought into business worth rs.8,00,000
(4)loss for the period rs.1,50,000
Dipagshu, the solution of your query is here.
Xavier's Capital A/c | |||||||
Dr. | Cr. | ||||||
Date | Particulars | Amount ( Rs ) |
Date | Particulars | Amount ( Rs ) |
||
Drawings | 5,00,000 | Cash A/c | 30,00,000 | ||||
Loss for the period | 1,50,000 | Cash A/c | 8,00,000 | ||||
Balance c/d | 31,50,000 | ||||||
38,00,000 | 38,00,000 | ||||||