Question

Mr. Sinha started business with cash 50000,plants and machinery 50000,furniture 20000,land20000.

Answer 1

Debit: Cash a/c- 50000
Plant & machinery a/c - 50000
Furniture a/c- 20000
Land a/c- 20000
Credit- Capital a/c- 140000

Answer 2

Cash a/c ..dr 50000
Plants &machinery a/c ..dr50000
Furniture a/c ..dr 20000
Land a/c ..dr 20000
To capital a/c 140000