Question

Borrowed Rs 5000 from Arun and Rs 10000from Bharat give journal entry

Answer 1

Answer:

The journal entry would be as follows:

Cash a/c dr………₹2000

To kishor’s a/c ₹2000

Cash comes in business and is real a/c so debited

Kishor is creditor as money is to be repaid to him in future (liability) that’s why credited

Explanation:

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Answer 2

Answer:

Cash A/c dr 15000

To Arun A/C 15000

To Bharat A/C 15000