started business with cash 5000 and furniture 10000 which two account is here
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Answer:
capital account,cash account,furniture account
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Question
Started business with cash ₹ 5,000 and furniture ₹ 10,000
Answer
According to rules of journal
Here two accounts will be debited ( Cash and Furniture )
And
One Account will be credited ( Capital )
The Entry will be
Cash A/c Dr ₹ 5000
Furniture A/c Dr ₹ 10,000
To Capital A/c ₹ 15000
(Being Business commenced With Cash and Furniture)
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