Answer:
Answer to the following question is as follows;
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)