Ahmad started business with cash 10000 , machine 20000 and loan of Mike is 5000. Journalize it
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Cash a/c Dr
Machine a/c Dr 35,000
Mike a/c Dr
to Capital a/c 35,000
(Being business started with cash, machine and loan from Mike)
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Explanation:
Capital ac .....dr
cash. ac....dr
machine ac......dr
to Mike ac
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