Welcome to your Say True or False (Journal Entries)

1) Commenced Business with cash.       Capital  A/c         Dr
             To Cash  A/c
2) Purchased Goods by paying cash.        Purchases A/c           Dr
             To Cash A/c
3) Bought Furniture by cash.           Assets A/c               Dr
               To Cash A/c
4) Purchased goods from National Institute & Co. on credit.            Purchases A/c            Dr
                 To National Institute & Co. A/c
5) Commission received in cash.               Cash A/c             Dr
                To Commission A/c
6) Cash paid into bank.               Cash A/c           Dr
                     To Bank A/c
7) Cash withdrawn from bank.             Bank    A/c  Dr
                 To Drawings   A/c
8) Advertisement charges paid.              Advertisement  A/c Dr
                    To Cash A/c
9) Incometax paid.               Income Tax A/c Dr
                      To Cash A/c
10) Printing and stationery charges paid.              Printing and Stationery A/c Dr
                     To Cash

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