Question

Started business with cash of rs.2,00,000 debtors rs 60,000 and creditors rs. 10,000 journal entry

Answer 1

Hey there,

Cash a/c Dr 2,00,000

Debtors a/c Dr 60,000

To creditors a/c 10,000

To capital a/c (b.f.) 2,50,000

Hope it help