What will be the journal entry of ? Business started with cash ₹20000 of which ₹5000 is used to open bank account ? ?

The journal entry for the scenario you've described would be as follows:

Date: [Date of Business Start]

Cash Account Debit ₹20,000

Bank Account Debit ₹5,000

Owner's Equity (Capital) Credit ₹25,000

Explanation:

• Cash Account Debit (Asset): Increase in cash due to the business starting with ₹20,000 in cash.
• Bank Account Debit (Asset): Increase in the bank account balance as ₹5,000 is deposited to open a bank account.
• Owner's Equity (Capital) Credit: This represents the owner's investment in the business. The owner's equity increases by ₹25,000, which is the total investment made by the owner.

Please note that journal entries are typically formatted with debits on the left and credits on the right, and the total debits must equal the total credits to ensure the accounting equation (Assets = Liabilities + Owner's Equity) remains in balance.