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From the following Journal entries, prepare CASH A/C only. DEBIT CREDIT RO RO Cash A/c Dr 60,000 Ali Capital A/c (Being capital invested 60,000 by
From the following Journal entries, prepare CASH A/C only. DEBIT CREDIT RO RO Cash A/c Dr 60,000 Ali Capital A/c (Being capital invested 60,000 by Ali) Machinery A/c Dr. 7,000 Cash A/c 7,000 (Being machinery purchased) Purchase A/c Dr 20,000 Cash A/c 20,000 (Being Goods Purchased) Cash A/c Dr. 18,000 Sales A/c Dr 18,000 (Being goods sold) Salary A/c Dr 500 Cash A/c 500 (Being Salary paid) Drawings A/c Dr. 500 500 Cash A/c (Being cash withdrawn for personal use)
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