Question

Sunil started buisness with stock of goods 20000and cash 170000 out of which 50000 borrowed from his friend kedar @10p.a

Answer 1

Answer:

Cash a/c. Dr. 170000

Stock a/c. Dr. 20000

To loan a/c. 50000

To capital a/c. 140000

Explanation:

Loan from friend is liability for business

Answer 2

Answer:

Explanation:Cash a/c. Dr. 170000

Stock a/c. Dr. 20000

To loan a/c. 50000

To capital a/c. 140000