Question: Record the following transactions using double entry system rules- 1. Mr. Rajib started business with cash tk. 2,00,000 2. Purchased machinery with cash tk. 1,00,000
Record the following transactions using double entry system rules- 1. Mr. Rajib started business with cash tk. 2,00,000 2. Purchased machinery with cash tk. 1,00,000 3. Purchased goods with cash tk. 50,000 4. Sold goods with cash tk. 80,000 5. Paid tk. 20,00 for the repair of machine. 6. Received cash tk. 10,000 from Unilever Company 7. Paid electricity bill with cash tk. 5000 8. Received discount tk. 2000 9. Paid cash tk. 10,000 to Mr. Kamal. 10. Paid interest tk. 1000 for bank loan
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
