Question

ashok of delhi started business with machinery ₹400000 and furniture ₹100000.He purchased these assets from delhi and paid by cheque from his savings account​ write journal entry

Answer 1

Answer:

ashok of delhi started business with machinery ₹400000 and furniture ₹100000.He purchased these assets from delhi and paid by cheque

₹ 400000

+ ₹ 100000

₹ 500000

Answer 2

Answer:

Explanation:

                                  Journal Entries                                                                    

          Particulars         Amount                   Amount                                                

Machinery A/c           400000

  To bank A/c                                                   40000

( Being machine purchased by cheque )

Furniture A/c           100000

  To bank A/c                            100000

( being furniture purchased by cheque)