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1. Business started with Cash Rs. 100,000/-, Bank Balance Rs. 150,000/-, Merchandise goods Rs 40,000/-, furniture Rs. 5,000/- & Office equipment Rs. 30,000/-
2. Goods Purchase from ABC Co of Rs. 40,000/- on cash less 15% discount

  • account -

    Cash A/C Dr. 100000
    Bank A/C Dr. 150000
    Goods A/C Dr. 40000
    Furniture A/C Dr. 5000
    Office A/C Dr. 30000
    To Capital A/C 325000
    (Being business started with cash,bank balance,goods,furniture & office equipments)

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