Question

Ajay started buisness with cash rs 1,50,000,goods rs.50000 and furniturw rs 20000. write the debit and credit on the journal entry

Answer 1

Hey, ✋ there your answer is ______,

⏩ Journal Entry:

Cash A/c Dr. 1,50,000
Goods A/c Dr. 50,000
Furniture A/c Dr. 20,000
To Capital A/c 2,20,000
( Being capital is invested in business as cash, goods and furniture)

↪ Cash, Goods and Furniture A/c will be debit.
↪ Capital A/c will be credit.



✔ Hope it may helps u..!!! ☺

Answer 2

Answer:

Ajay Commenced business with cash `40,000.Account debited is Cash A/c *

1 point