Question

journal entry business commenced with cash rupees 50000 and furniture worth rupees 10000​

Answer 1

Answer:

Cash a/c dr 50000

Furniture a/c dr 10000

________To capital a/c 60000

hope it helps..

Answer 2

Answer:

DEBIT. CREDIT

Cash a/c. Dr. 50000

Furniture a/c Dr. 10000

To capital a/c. 60000

(being commenced business with cash and furniture)

Explanation:

• As capital is liability it is credited .
• According to golden rules debit what comes in, in business point so we have debited cash and furniture a/c.