Question

Started business with cash ₹ 50,000, & deposited ₹ 20,000 in Bank goods worth ₹ 60,000 & furniture ₹ 10,000

Answer 1

Answer:

cash a/c Dr 50,000

To capital a/c 50,000

Bank a/c Dr 20000

To cash a/c 20000

purchase a/c Dr 60000

To cash a/c 60000

Furniture a/c Dr 10000

To cash a/c 10000