Question

1. Ranghu started business with cash $80,000, goods $40,000 and furniture $20,000.

Answer 1

Answer:

1.Raghu start the business with three things i. e cash, goods, furniture etc. Something that come in the business is debited. All these things are done by the properitor. Hence all these things are goes to Capital account. JOURNAL ENTRY WILL BE!!!! Cash a / c . Dr. 80,000 Purchase a / c . Dr. 40,000 Furniture a / c . Dr 20,000 ..To Capital a/c........... 1,40,000 (being started business with cash, goods and furniture.)

2.The answer will be Rs.1800 Explanation: 2000^ * 10\%=200 2000-200=1800

3.Answer will be $700

4.25000

5.5000

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