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Prepare the journal entries for the following transactions: 1. Business started with cash ₹2,50,000. 2. Cash deposited into bank ₹5,00,000.
Accounting
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Here are the journal entries for the given business transactions:
\begin{tabular}{|l|l|r|r|}
\hline
Date & Particulars & Debit (₹) & Credit (₹) \\
\hline
Apr 2 & Cash A/c Dr. & 2,50,000 & \\
& \quad To Capital A/c & & 2,50,000 \\
& (Being business started with cash) & & \\
\hline
Apr 3 & Bank A/c Dr. & 5,00,000 & \\
& \quad To Cash A/c & & 5,00,0Was this helpful?
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