Question

Commenced business with cash 90000
Paid salary 4000

Answer 1

Answer:

1.cash account a/c Dr. 90000

To Capital a/c. 90000

(being started business with Capital).

2. Salaries a/c Dr. 4000

To cash a/c. 4000

(Being Salaries paid)

Answer 2

1. Cash a/c —————- dr. 90000
To capital 90000
(Being business commenced with cash)

2. Salary a/c —————— dr. 4000
To cash. 4000
( being salary paid)