1 Raj started business with cashRs 5,00,000 and open a bank account and transferred Rs 3,00,000 from his saving account
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Answer:
Explanation:
Cash A/c Dr 5,00,000.00
Bank A/c Dr 3,00,000.00
To capital account Rs.8,00,000.00
(Being started business with cash Rs 5,00,000 and open a bank account and transferred Rs 3,00,000 from his saving account)
Note : while transferring from his personal account, no entry will be made by Sh Raj. Entries are only meant for business use.
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