Question

1
Commenced business with Cash
with Building
1,75,000
1,00,000
00​

Answer 1

cash A/C debit 275000

to capital A/C credit 175000

to building A/C credit 100000

Answer 2

Answer:

cash A/c. dr. ( increase in asset are debited)

building A/c dr. (increase in asset are dedited)

to capital A/c. (increase in capital is credited)