Question

Started business with Cash 4000 and bank balance 15000 what is journal entry

Answer 1

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Cash a/c.. Dr.

Bank a/c.. Dr

.. To capital a/c...

[ being cash or bank is used to open a business..]

It should kept in mind that capital is the Liability of the business Hence it never be debited. It means it always be credited in any case...

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Answer 2

Cash. A/C.    Dr  Rs.4000 Bank A/C.     Dr.  Rs.15,000      To. Capital A/C.   Rs.19,000 (Being business started with capital)