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Q.2 Pass journal entries for the following transactions.


a)    Madan commenced business with cash Rs. 70000
Capital a/c Dr. to Cash a/c.
b)    Purchased goods on credit 14000
Goods a/c Dr. to Creditors a/c.
c)    Withdrew for private use 3000

Drawings a/c Dr. to Cash a/c
d)    Goods purchased for cash 12000
Goods a/c Dr. to Cash a/c
e)    Paid wages 5000
                 Wages a/c Dr. to Cash a/c


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