Question

journal entry of started business with 500000 paid in bank 400000​

Answer 1

Answer :

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Journal Entry :-

①⏩ Cash Ac Dr...500000/-

To, Partners Capital Ac Cr..500000/-

(Being Started business with cash)

②⏩ Bank Ac Dr...400000/-

To, Cash Ac Cr...400000/-

(Being Cash Paid into bank )

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© Sachin BhaleRao!