Question

Business started with 2,50,000and cash deposited with bank 1,50,000

Answer 1

Answer:

Cash A/c_Dr (25000)

Bank A/c_Dr (25000)

To Capital A/c (50000)

(Being Business started with cash out of this amount ₹25000 deposited in Bank)

Reason: Cash Account is debited because it increases the balance of Cash(Assets) Account, Bank Account is debited because it increases the balance of Bank(Assets) Account, Capital Account is credited because it increases the balance of Capital Account

Answer 2

Answer:

CASH A/C...DR 2,50,000

TO CAPITAL A/C 2,50,000

BANK A/C...DR 1,50,000

TO CASH A/C 1,50,000