Question

Business started with cash Rs 50000 and bank of rs 100000

Answer 1

Answer

Your Entry will be

Cash A/c       Dr      ₹ 50,000

Bank  A/c       Dr       ₹ 10,000

     To Capital A/c                  ₹ 60,000

(Being Commenced Business with cash ₹ 50,000 and Bank ₹ 10,000)

                                                                                                                 

Answer 2

Answer:

Cash A/c       Dr      ₹ 50,000

Bank  A/c       Dr       ₹ 10,000

     To Capital A/c                  ₹ 60,000