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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 |
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Answer» (i) Journal entries Cash a/c Dr. 65,000 To CAPITAL a/c 40,000 (Being INTRODUCTION of capital to business) Explanation: |
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