Question

Manohar singh commenced business with personal cash 150000 and 50000 borrowed from ranjit singh parsonal account

Answer 1

Answer:

If the question is about the accounting equation, then 

Assets = Liability + Capital

200000 = 50000 + 150000

200000 = 200000

If the question is about the journal entries, then

Dr Cash 200000

Cr Accounts payable 50000

Cr Capital 150000

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Explanation:

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