Answer:
Answer to the following question is as follows;
Step-by-step explanation:
Given:
Amount invested by Mr. Mohit = Rs. 50,00,000
Computation:
Books of (...... LTD)
Journal entries
Date Particular Debit Credit
March 1 Cash A/C Dr. 50,00,000
To Capital A/C Cr. 50,00,000
(Being Amount invested in new business)
- 3
$9.57
47.83 x 20% = 9.57
x-3+x=-38
2x-3=-38
2x=3-38=-35
x=-35/2=-17.5
