Journalize the following transactions :
(1) Commenced Business with cash 200000/-, Machinery 50000/- Amit (Dr.) 40000/- and
Rahim (Cr.) 20000/-.
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Explanation:
DATE Particulars LF dr cr
1. cash ac dr. 200000
machinery ac dr 50000
amit dr. 40000 .
To capital 290000 to rahim 20000
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