Question

Started business with cash of 30,000 and bank balance 50,000

Answer 1

Hiii♡♡♡

Good morning ♡♡♡

Cash A/C Dr. 30,000

Bank A/C Dr. 50,000

To Capital A/C 80,000

( Started business with cash)

Hope it helps u

PLZ MARK it as BRAINLIST ☆☆☆

Answer 2

Answer:

Debit Cash account and credit Capital account with 30,000.00 and Debit Bank account with 50,000.00 and Credit Capital account with 50,000.00

Explanation:

Capital account is a revenue account and every revenue account has a credit entry wheras the both the bank and cash account are current asset  items therefore, after the transanctions Your balance sheet will have Asset 80,000 and your Capital account also 80,000.00. balancing the account. see the diagram below

                       

1.                          Capital Account

                                                      Cash account                 30,000

Balance C/D     80,000                      Bank Account                50,000

                             

Balance B/D                 80,000

2.                              Cash Account

Capital               30,000           Balance C/D              30,000

Balance B/D         30,000

3.                              Bank Account

Capital             50,000                       Balance C/D        50,000

Balance B/D       50,000

TRIAL BALANCE AS AT ……………………

                                         DR.                       CR

CAPITAL                                                              80,000

CASH                                        30,000

BANK                                    50,000