Question

Ram started bussines with cash Rs 30000 and book balance Rs 40000

Answer 1

Answer:

Cash A/c debit

To capital a/c Credit

Please mark me Brilliant answer..

Answer 2

Explanation:

The answer is in the explanation section.

Explanation:

Cash A/c Dr. 30000

Bank A/c Dr. 40000

      To Capital A/c. 70,000

(Being Ram started business with cash and bank balance).

more to know : -

Another way to visualize business transactions is to write a general journal entry.

• journal entry should typically include:

• 1)Unique identifying number of the entry.

• 2)Date of the transaction.

• 3)Amount(s) to be debited and credited.

• 4)Account(s) where the debits and credits are recorded.

• 5)Name of the person making the entry.

• 6)Whether the entry on one-time

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Format : -

Date particular L/f DrAmt CrAmount

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