2 journalize exchanges of ms x amp co for the month of


2 Journalize exchanges of M/s X & Co. for the month of March 2009 on the premise of twofold section framework: 

1.    X presented money Rs. 4,00,000. 

2.    Cash kept in the Citibank Rs. 2,00,000. 

3.    Cash advance of Rs. 50,000 taken from Y. 

4.    Salaries paid for the month of March 2009, Rs. 30,000 and Rs. 10,000 is still payable for the month of March 2009. 

5.    Furniture obtained Rs. 50,000.

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Finance Basics: 2 journalize exchanges of ms x amp co for the month of
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