Question

Started business with cash Rs. 10000 and goods Rs. 5000 journal entry

Answer 1

Answer:

Cash ac dr. 10000

stock ac dr. 5000

to capital ac 15000

Answer 2

Answer:

Dr. Cr.

Amount Amount

Cash A/c.. ..Dr. 10000

Purchase A/c.. .. Dr. 5000

To Capital A/c 15000

Explanation:

Since cash(real a/c) and goods(real a/c) are coming into the business so they are debited

And the owner is starting the business so his capital(personal a/c) is going out from him to the business, so it is credited