Edaccountancy

2019 April 1. Mr. Anand Started business with Cash Rs.60,000. Solution: DATE   PARTICULARS   L/F   DEBIT   CREDIT   2019,   April 1   Cash A/c Dr.             To Capital A/c    [Being Business started with cash]     60,000     60,000   Explanatory Note: Mr. Anand started business with Cash. In the above Transaction Mr. Anand brought Cash into the Business. As we are writing Journal Entries in the Books of Mr. Anand  this implies that Mr. Anand is the Proprietor of the Business. "Whenever Proprietor bring Cash into the Business it means it is a Capital for the Business from this Capital he will run the Business".  According to Golden Rule of Personal Account: On Debit Side Cash Account because 'Debit the Receiver' and From the side of Business. We can catch a sight that  Business is receiving the Cash Amount from the Proprietor. In Debit Amount Column Rs.60,000  will be  Debited. On Credit Side Capital Account because 'Credit the Giver'. Where Cash is given by

Journal Entries Solution with Explanation and Calculation of Standard 11th Maharashtra State Board . All Textbook Practical Problems are Solved. Students can ask their doubts in the comment box. Below are the Practical Problems click on the problem to get solution with explanation and calculation. PRACTICAL PROBLEMS     1. Journalize the following transactions in the books of Anand General Merchants.   2. Journalize the following transactions in the books of Gajanan.     3. Journalize the following transactions in the books of Ashok General Stores.       4. Journalize the following transactions in the books of Sanjay General Stores.     5. Journalize the following transactions in the books of Kunal Stores.     6. Journalize the following transactions in the books of Nina General Stores.   7. Journalize the following transactions in the books of Varun.   8. Journalize the following transactions in the books of Dhoni Auto Car Centre.     9. Journalize the following transactions in