Question

Sanju and rinku invested rs 20000 each in business - journal entry

Answer 1

cash a/c. Dr. 40000
to capital a/c. 40000
(being the capital invested by sanju and rinku in business rs.20000 each)
hope it helps you if so then please mark it as brainliest answer

Answer 2

Answer:Cash A/C.......Dr. 40000

To Capital A/C 40000

(Being invested cash in business )

Explanation:According to traditional accounting concept, this transaction is associated with two accounts .first,cash and second capital.cash is a real account according to real account rule what's come in is debited .capital I installed a representative account,I installed represents the owner of the business so one who gives capital is always credited.