Question

I. Commenced business with furniture Rs. 25,000 and cash Rs. 60,000​

Answer 1

Answer: Furniture A/c dr. 25000

cash a/c dr. 60000

To capital a/c 850000

Explanation:

Furnitue and cash both are assets thats why we have debited it and through the intoduction of these assets ,capital of business increases thats why capital is credited.