snehathakuri806
Answered

Welcome to Westonci.ca, where you can find answers to all your questions from a community of experienced professionals. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

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:

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.