Manohar singh commenced business with personal cash 150000 and 50000 borroowed from ranjit singh on personal account
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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
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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