Question

Commenced bussiness with 200000of which 50000 were borrowed from kumar journal entry​

Answer 1

Answer:

             cash ac dr 200000

                  to capital ac                    150000

                   to loan from kumar ac      50000

Explanation:

 since both capital and loan constitutes a credit balance, they are entered in credit. And since loan of rs.50000 is credited in kumars loan ac,the remaining amount of rs.150000 is credited in the capital ac of the proprietor