Question

started business with rupees 10000.paid to bank rupees 5000

Answer 1

Started business with cash.. 10000


JOURNAL ENTRY - -

CASH A/C DR. 10,000


TO CAPITAL A /C.. 10000


(BEING BUSINESS STARTED WITH CASH)


Paid to bank rp5, 000

JOURNAL ENTRY - -


BANK A/C DR 5,000


TO CASH A/C 5,000


( BEING CASH PAID TO BANK )

Answer 2

cash a/c dr. 10000
to capital 10000
(being cash introduced in business)
bank a/c dr. 5000
to cash a/c 5000
(being cash deposited into the bank)