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7) Cash withdrawn from bank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