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Hello students, here is a question.
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Mr.
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Antony commenced a business with cash of 13 ,000.
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We need to prepare a journal entry for this transaction.
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So, first we will make out the format of journal entry.
00:12
So, the format of journal entry is date, particulars, debit and credit.
00:27
So, the first item is mr.
00:28
Antony commenced business with cash of 13 ,000.
00:31
So, our journal entry will be dated on march 1st, 2019.
00:42
So, stock inventory, stock or inventory account debtor that is 13 ,000 to capital account 13 ,000 and the next is brought plants for 5 ,000.
01:04
So, the journal entry is dated on march 2nd, 2019.
01:09
So, it is cash account, debtor to land, land account.
01:21
So, the amount is 5 ,000 and next transaction is and next date is on march 3rd, paid postage of 500...