Kavita started business with cash rs.100000 nd goods worth rs.20000 ? Pass the journal entry
Answers
Answered by
12
heyaa,,,
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journal entry for Kavita started business with cash rs.100000 nd goods worth rs.20000 will be;
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cash a/c dr 1,00,000
purchase a/c dr 20,000
to capital a/c 1,20,000.
(being cash and stock introduced to start business)
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¤ reason for debit and credit;
¤ cash is coming into the business so, it will be debited.
¤ goods is also introduced to the business so, it will also be debited.
¤ business is started so capital a/c will be credited.
__________________________
hope it helps☺☺☺
__________________________
journal entry for Kavita started business with cash rs.100000 nd goods worth rs.20000 will be;
__________________________
cash a/c dr 1,00,000
purchase a/c dr 20,000
to capital a/c 1,20,000.
(being cash and stock introduced to start business)
__________________________
¤ reason for debit and credit;
¤ cash is coming into the business so, it will be debited.
¤ goods is also introduced to the business so, it will also be debited.
¤ business is started so capital a/c will be credited.
__________________________
hope it helps☺☺☺
Answered by
1
Answer:
cash a/c dr. 1,00,000
stock a/c dr. 20,000
To capital a/c 1,20,000
Explanation:
Cash is real a/c...it was coming in...hence debited...and also goods are already in the business...hence we recording it only....so...stock a/c dr...and capital account is asusual ....
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