Question

Started business with cash Rs 125000 and bank rs 275000 solve to journal entries

Answer 1

Hey there!

The journal entry for the given transaction will be:-

Cash A/c. Dr. 125000

Bank A/c. dr. 275000

To Capital a/c. 400000

(being cash invested in business)

........

Answer 2

Explanation:

cash a/c..................Dr 125000

bank a/c..................Dr 275000

to capital a/c. 400000