snehathakuri806
Answered

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commenced business by Sarita with her bank balance 100000 and furniture 100000​

Sagot :

Samawati

Answer:

see below

Explanation:

This transaction increases the bank balance ( asset account) by 100,000 and furniture account( asset account) by 100,000.

Capital account increases by 200,000. An increase in assets is a debits while an increase in capital is credited.

The journal entry will be as follows

Bank A/C   Dr. 100,000

Furniture A/C Dr. 100,000

Capital   A/C                  Cr. 200,000  

Scxrpixn

Answer:

200,000

Explanation:

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