Ajith started business with a capital of Rs. 3,00,000 journal entry?
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Answer:
Transaction: Ajith started business with a capital of Rs. 3,00,000
Journal Entry:
Cash A/c ----------------------------Dr 3,00,000
To Capital A/c 3,00,000
(Being Ajith started business and capital employed in cash)
Explanation:
The given transaction is a cash transaction.
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IN THE BOOKS OF AJITH
JOURNAL ENTRY
Cash a/c. Dr. 3,00,000
To ajith's capital a/c. 3,00,000
(started business with capital)
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