Question

Started a business with cash 70000, building 80000, Ramlal (cr) 20000

what is the journal entry??​

Answer 1

Answer:

Cash A/C. Dr. 70,000

Building A/C. Dr. 80,000

To Capital A/C. 1,15,000

(Being Business Started)

Cash A/C. Dr. 20,000

To Ramlal 20,000

(Being Paid to Ramlal)

Total. 1,17,000 1,17,000

Hope u like.