Question

1.commenced business with capital of rupees 80,000 write journal entry and explain accounting treatment on the based on equation
2. rupees 2000 deposited with bank and open account.right journal entry and explain accounting treatment on the based on equation
3. salary salary of rupees 4000 paid by cheque write journal entry & explain accounting treatment on the based on equation.​

Answer 1

journal entry.....

1st entry= cash(asset inc⬆️) a/c...dr 80,000

To capital a/c(equity ⬆️) 80,000

(being business started by with capital)

2nd entry= Bank a/c(inc bank balance⬆️)...dr 2,000

To cash a/c ( cash goes out⬇️) 2,000

(being cash deposited)

3rd entry= salary a/c (expense⬆️)...dr 4,000

To bank a/c (being amt goes out from bank account⬇️)

4,000

(being salary paid by cheque)