Total Debits (Assets) = 30,000+50,000+20,000+40,000 = ₹1,40,000. Total Liabilities = ₹25,000. Therefore, Capital = 1,40,000 – 25,000 = ₹1,15,000.

Recording multiple related transactions on one date as a single entry.

The Journal is called the "book of original entry" because it is the first place a transaction is recorded. Chapter 9 teaches you:

Always try to solve the problem yourself first. Then use the solutions to check your answers and understand where you made a mistake.

The process of recording transactions in a journal.