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give journal entries for the following
jan-1 started business with cash 50000 & loan 80000
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Answer Posted / ali azgar
CAPITAL A/C DR 130000
CASH A/C 50000
LOAN A/C 80000
I THINK THIS IS RIGHT ANSWER THAT'S BECAUSE ONCE WE START BUSINESS WHATEVER WE PUT IN THE BUSINESS THAT IS A CAPITAL SO CASH HAS COME AND LOAN HAS COME TO THE BUSINESS NOTHING BUT CAPITAL HAS COME AND BUSINESS CAPITAL GOT RISES.
| Is This Answer Correct ? | 8 Yes | 31 No |
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