1.

Q.2. Mr. Rahul started business with cash * 65,000 on 1st April, 2008 including cash borrowed25,000 from his brother Mr. Mehul. His transactions for the month April, 2008 are givenbelow. Prepare a cash book with cash and bank columns.April​

Answer»

ANSWER:

(i) Journal entries

Cash a/c Dr.         65,000

      To CAPITAL a/c                     40,000

      To LOAN from MEHUL a/c     25,000

(Being INTRODUCTION of capital to business)

Explanation:



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