Question

started business with cash Rs 50000 bank Rs 100000 goods worth Rs 50000.​

Answer 1

Answer:

Journal Entry:

Cash A/c----------------Dr       50000

Bank A/c----------------Dr      100000

Goods A/c--------------Dr        50000

          To Capital A/c                       200000

(Being capital employed in the form of cash, bank and goods)

Explanation:

Given Question is incomplete and the question can be;

Question:

Started business with cash Rs 50000, Bank Rs.100000 and goods worth Rs 50000. Journalize the transaction.

Answer: Cash, bank and goods are assets for the business.

As per real account rule all assets coming into the business should be debited and liabilities should be credited.

Answer 2

Answer:

Journal Entry:

cash A/c--------------Dr. 50000

Bank A/c-------------Dr. 100000

Good A/c-------------Dr. 50000

To capital A/c

200000

(Being capital employed in the from of cash , bank and goods)

Explanation:

Given Question is incomplete end the question can be;