harish started business with cash Rs.200000
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Answered by
10
Heya journal entry will be
Cash a/c Dr 200000
to capital a/c. 200000
(being business started with cash)
hope it helps..
Cash a/c Dr 200000
to capital a/c. 200000
(being business started with cash)
hope it helps..
Answered by
6
Journal entry
Cash A/c Dr 200000
To capital A/c 200000
(being started business with cash )
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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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