Question

lal started business with cash 300000​

Answer 1

Heya mate...

Cash A/c dr

To capital A/C

Hope it helps uh

Answer 2

The answer to the following question is below.

Explanation:

Given:

Cash = 3,00,000

                               Journal Entry

                          In the Books of ( Lal Limited)

Date     Account Title and Explanation      Debit       Credit

           Cash                          a/c         Dr     3,00,000

               To Capital              a/c                                  3,00,000

        (Being started business with cash 3,00,000)

In this situation Cash come to business from Lal , when cash come to business we debit cash a/c and credit Capital a/c because cash given by lal is liability for business.

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