Question

started business with cash 75000 , building 125000,furniture10000​ please don't ask idiot answer

Answer 1

Answer:

Journal entry for the following transactions:-

1. Cash A/c                          Dr.            75,000             -----

  Building A/c                     Dr.            1,25,000           -----

  Furniture A/c                    Dr.            10,000             -----

       To Capital A/c                                ------              2,10,000

(Being business commenced with cash, building and furniture)