Question

Amar and bimal entered into partnership on 1st April, 2019 contributing ₹1, 50,000 and ₹2, 50,000 respectively towards capitals.

Answer 1

Answer:

So the journal is :

Explanation:

Cash A/c                              Dr         4,00,000

      To   Amar Capital A/c                                       1,50,000

      To   Bimal Capital  A/c                                        2,50,000