Question

Pankaj started business by introducing cash rs. 400000 and deposite that amount in hdfc bank by opening a new account on firm name.

Answer 1

Cash A/c Dr. 400000

To Capital A/c. 400000

(Being cash introduced as capital)

Bank A/c Dr. 400000

To Cash A/c. 400000

(Being cash deposited in bank)

Answer 2

CASH AC DR

TO CAPITAL

HDFC BANK AC DR

TO FIRM AC CR