Question

(13) (A) Write journal entries in book of Rani
1-1-14 Strate business with cash Rs. 1,00,000
Building Rs. 1,00,000, Furniture Rs. 1,00,000
Stock Rs. 7,00,000, Machine Rs. 7,00,000
and loan from Pooja Rs. 7,00,000.​

Answer 1

Answer:

Journal entry :

Cash. A/c Dr. 1,00,000

Building. A/c Dr. 1,00,000

Furniture. A/c Dr. 1,00,000

Stock. A/c Dr. 7,00,000

Machinery. A/c Dr. 7,00,000

To loan from pooja A/c. 7,00,000

To capital A/c. 10,00,000

(Being started business with cash,building,furniture,stock,machinery)