Question

Enter the following transactions in journal
2014 Jan 1 shusil & co started business with cash - 1,00,000
Jan 2 paid into bank. 60,000

Answer 1

Answer:

jan. 1 cash a/c....dr 1,00,000

To capital a/c 1,00,000

jan2 . bank a/c...dr 60,000

To cash a/c 60,000