Question

journal entry 1. Kohli starts business with ₹ 25,000. Kohli opens A/c with bank & deposits ₹ 18,000.

2. Kohli purchases furniture, ₹ 850 & typewriter ₹ 1500. Payment made by cheque.​

Answer 1

Step-by-step explanation:

1)

Cash A/c .Dr 25000

To Capital A/c 25000

(being rs25000 invested in business)

Bank A/c .Dr 18000

To Cash A/c 18000

(being rs 18000 deposited in bank)

2)

Furniture A/c .Dr 850

Typewriter A/c .Dr 1500

To Bank A/c 2350

(being furniture and typewriter purchased)