Question

Commenced business with cash Cash ₹ 1800000. Furniture ₹125000. Land and building ₹22000. Journalise the transaction

Answer 1

Answer:

19,47,000

Explanation:

1800000+125000+22000=1947000

Answer 2

The answer to the following question is below.

Explanation:

Given:

Cash = 18,00,000

Land and Building = 22,000

Furniture =  1,25,000        

                                  Journal Entry

                          In the Books of (-----Ltd)

Date                        Particular                        Debit     Credit

           Cash                          a/c         Dr     18,00,000

           Land and Building    a/c         Dr     22,000

           Furniture                   a/c         Dr     1,25,000

               To Capital              a/c                                   19,47,000

        (Being started business with cash,land and building and furniture. )

Capital = (18,00,000 + 22,000 + 1,25,000) = 19,47,000

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