Question

what is the correct journal entry of business started by cash rs 4000 and loan taken from bank rs4000??

Answer 1

cashA/c dr. 4000
To capitalA/c. 4000

in second entry we have take loan from bank
then the entry will be
cash A/c dr. 4000
To bank loan 4000

Answer 2

cash a/c Dr. 4000
to capital a/c 4000

cash a/c Dr. 4000
to bank loan a/c 4000