Question

Mr saravan and mr govind started business with cash rs 700000 and 500000respective

Answer 1

Answer:

journal entry will be

cash a/c ...dr.                               1200000

  to saravan's capital a/c                             700000

  to govind's capital a/c                                500000

Explanation:

cash is a real a/c therefore the rule is debit what comes in

capital a/cs being personal a/cs the rule is credit the giver