Question

received capital by cash from abirami 300000 Priya 200000 and Gauri 70 lakh journal entry​

Answer 1

Answer:

300000 + 200000 + 7000000 = 7500000

Explanation:

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Answer 2

Cash A/c. dr 75,00,000

To abirami's capital A/c. 3,00,000

To priya's capital A/c 2,00,000

To Gauri's capital A/c 70,00,000

(Capital bought in by partners)

NOTE - Total Amount of capital (70,00,000+2,00,000+ 3,00,000 = 75,00,000) is shown on the cash A/c

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