Question

Journalise the following transactions in the books of Mr.suhas as on 1st March 2019 a. 1/3/2019 started business with cash rs 60000​

Answer 1

The Journal Entry will be:

Cash A/c ... Dr. 60,000

To Capital A/c ... Cr. 60,000

(Being the capital introduced in the business in the form of cash)

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