Question

started business with cash 40000 stock of goods 20000 furniture 10000 loan from Bank 20000 journal entry​

Answer 1

Date. Particular. L.F. Amount(Dr.). Amount(Cr.)

Cash A/c. Dr. 40,000

Stock A/c. Dr. 20,000

Furniture A/c. Dr. 10,000

Bank A/c. Dr. 20,000

To Capital A/c. 90,000

(balancing figure)

(Started business with cash,

stock, furniture and bank)