Question

Commenced business with 100000 of which 20000were borrowed from Mr. Ratan

Answer 1

Answer:

Jounal:

Capital A/C Dr. 1,00,000

    To Cash A/C 80,000

     To Mr. Ratan 20,000

Answer 2

Explanation:

cash a/c Dr. 100000

to capital a/c. 80000

to ratan a/c. 20000