Question

Shridevi started business with own cash ₹90000, stock of goods worth ₹ 40000 machinery worth ₹ 70000and borrowed money ₹50000 from her friend konika at 12% p.a.

Answer 1

Explanation:

first we have to write in date,praticulars,debit amount ,credit amount. In particulars we have to write cash A/C dr, stock of goods A/C dr , machinery A/C. dr , TO capital A/C, TO loan from konika. In the debit amount we should write first stock of goods a/c amount 40000 in machinery a/c we write 70000 amount in debit side and in credit side in loan a/c we write 50000 amount. After we write amounts then add 40000+70000=140000 answer will and write in cash a/ c. Then add 140000+40000+70000=250000 answer will come and then understand it properly subtract 250000- 50000= 200000 answer will come write in TO capitals A/C.

Answer 2

cash A/c Dr. 90000

stock A/c Dr. 40000

Machinery A/c Dr. 70000