Question

Ganesh started business with cash rs 150000 machinery rs 50000 building rs 100000 and taken aloan from bank 40000 journal entries.​

Answer 1

cash a/c Dr. 150000

machinery a/c Dr. 50000

building a/c Dr. 100000

bank loan a/c Dr. 40000

To capital a/c. 340000

(begin business started with cash and other assets)

Answer 2

Answer:

Cash a/c. Dr. 150000

Machinery a/c. Dr. 50000

Building a/c. Dr. 100000

To banks loan. A/c. 40000

To capital a/c. 260000

Explanation: