Question

Started business with cash Rs. 80000 furniture Rs. 20000 and stock Rs. 30000 which is debit or credit

Answer 1

Answer:

Cash a/c .........Dr. 80,000

Furniture a/c ....Dr. 20,000

Stock a/c ...........Dr. 30,000

To Capital a/c 1,30,000

(Being started business with cash , furniture and stock)

Answer 2

Answer:

Cash 80,000 (Dr) ||

Furniture 20,000 (Dr) || Capital Account 130,000 (Cr)

Stock 30,000 (Dr) ||