Question

The owner additionally invested in bussines
Rs 500,000 including Cash Rs 100,000
Machinary of Rs 300,000 and furniture of Rs 100,000
Journal entry

Answer 1

Answer:

Cash A/c     Dr           1,00,000

Machinery A/c  Dr     3,00,000

Furniture  A/c   Dr      1,00,000

        To Capital A/c                    5,00,000

             ( balancing

                figure)

Explanation: Cash, Machinery & Furniture is treated as assets

and against Capital.

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