This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
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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 & & 5,00,0Get instant step-by-step solutions to any question. Free to start.
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|l|l|r|r| Date & Particulars & Debit (₹) & Credit (₹) \\ Apr 2 & Cash A/c Dr. & 2,50,000 & \\ & To Capital A/c & & 2,50,000 \\ & (Being business started with cash) & & \\ Apr 3 & Bank A/c Dr.
This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.