Question

1) Brought Capital as follows: Cash-In-Hand Rs. 500,000/-, HDFC Bank Rs. 100,000/-
Furniture Rs. 200,000/- in business (6/04/2017)​

Answer 1

Answer:

In this transaction, Cash is increasing so the capital.

In this transaction, Cash is increasing so the capital.As per the modern rule of accounting

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.If capital increases- credit the capital account.

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.If capital increases- credit the capital account.So entry would be:-

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.If capital increases- credit the capital account.So entry would be:-Cash (Bank)Account Dr. 1000

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.If capital increases- credit the capital account.So entry would be:-Cash (Bank)Account Dr. 1000To capital Account Cr. 1000

In this transaction, Cash is increasing so the capital.As per the modern rule of accountingIf assets increases- Debit the asset account.If capital increases- credit the capital account.So entry would be:-Cash (Bank)Account Dr. 1000To capital Account Cr. 1000Hope this will help you