Question

1 Mr. Ravi commenced business with cash 20,000, goods 5000 and Furniture 10,000. ​

Answer 1

Answer:

Explanation:

CASH          A/C DR 20,000

STOCK        A/C DR 5,000

FURNITURE A/C DR 10,000

       TO CAPITAL A/C           35,000

( COMMENCED BUSINESS WITH

CASH 20,000 STOCK 5,000

AND FURNITURE 10,000)

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Answer 2

To Capital AC = 30,000

cash 20,000

stock 5,000