Accountancy, asked by nareshadhi391, 1 year ago

harish started business with cash Rs.200000

Answers

Answered by Anonymous
10
Heya journal entry will be

Cash a/c Dr 200000
to capital a/c. 200000
(being business started with cash)


hope it helps..
Answered by anuritha
6

Journal entry

Cash A/c     Dr   200000

       To capital A/c                  200000

(being started business with cash )

-----------------------------------------------------------------------------

Reason

Cash comes into the business therefore its debited

Capital is the owner funds where owner investing cash in business he gives money to the business therefore its credited

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