Question

Journalise the following transactions in the books of M. Ltd. (1) Opening Balances: Cash 50000, Bank (CR)2000; Interest Receivable Rs 2500;Shyam (Supplier) 12000; Mohan (Creditor) Capital 25000.

Its urgent plzz ans. fast​

Answer 1

Answer:

cash account dr. 50000

interest receivable account dr 2500

capital account dr. 25000

to shyam. 12000

to mohan 25000

to bank account. 2000

Explanation:

capital account debited because Mohan lend us capital on credit