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