Question

journal entry ram being business start with cash 5000 and loan from his brother 3000

Answer 1

Journal entry of this is

Cash A/c Dr. 5000

Loan A/c Dr. 3000

To Capital A/c 8000

(being bussiness started with cash and loan)

Answer 2

Journal entry

Cash A/c   Dr   5000

Loan A/c    Dr   3000

           To capital A/c        8000

(being invested in business )

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

Reason :

Cash comes into the company therefore its debited

Bank loan is the personal A/c where its borrowed from ram's brothers , we the receiver of loan therefore its debited

Capital  A/c is also a personal A/c where owner gives cash and loan from brother  to the company therefore its credited