sold private car for rs 4,000 and bought a new one with
proceeds for bussiess plus rs 5.000 from office cash
what will be the journal entry

Answer Posted / nagarjuna

CAR A/C DR RS . 9000
TO CAPITAL A/C Cr RS.4000
TO CASH A/C Cr RS.5000

(BEING PURCHASE OF NEW CAR FOR OFFICE BY PAYING RS.5000/- FROM
BUSINESS AND RS.4000/- FROM HIS PERSONAL)

Is This Answer Correct ?    78 Yes 12 No



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