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7) Cash withdrawn from bank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