Question

started buisness with cash rs 200000, building rs 100000, stock of goods rs 50000 and borrowed rs 80000 from friend suresh
write journal entry ​

Answer 1

Answer :-

Compound journal entry

Cash A/c Dr. 2,00,000

Building A/c Dr. 1,00,000

Stock A/c Dr. 50,000

To loan from Suresh A/c. 80,000

To Capital A/c. 2,70,000

More to know :

★ Personal Account

Debit all the receiver, credit all the giver

★ Real Account

Debit what comes in, Credit what goes out.

★ Nominal Account

Debit all expenses and losses, Credit all incomes and gain.

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