Vishal commenced business with cash $90,000, furniture $60,000, and building $100,000. What is the journal entry for this transaction?
Added by Donald C.
Step 1
Vishal starts the business by investing cash, so the cash account will increase. The journal entry for this will be: Cash Account (Debit) - 90,000 Vishal's Capital Account (Credit) - 90,000 Show more…
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