**Borrowing Rs. 50000 Cash from Kanti Poddar - Journal Entry**

When a business borrows money in the form of cash from an individual or entity, it is necessary to record this transaction in the books of accounts. In this case, we will record the journal entry for borrowing Rs. 50000 in cash from Kanti Poddar. Here is the detailed explanation of the journal entry:

**1. Identify the Accounts Involved:**
In this transaction, the following accounts are involved:
- Cash/Bank Account: To record the increase in cash.
- Loan Payable Account: To record the liability of the business towards the borrowed amount.

**2. Determine the Nature of the Accounts:**
Cash/Bank Account is an asset account, and Loan Payable Account is a liability account.

**3. Analyze the Impact on the Accounts:**
- Cash/Bank Account: There is an increase in cash as the business is receiving Rs. 50000.
- Loan Payable Account: There is an increase in the loan payable as the business now owes Rs. 50000 to Kanti Poddar.

**4. Record the Journal Entry:**
Based on the above analysis, the journal entry for borrowing Rs. 50000 in cash from Kanti Poddar is as follows:

**Date: [Date of Transaction]**

| Account | Debit | Credit |
| ------------------------- | ------------- | ------------|
| Cash/Bank Account | 50000 | |
| Loan Payable Account | | 50000 |

**Explanation of the Journal Entry:**
- The Cash/Bank Account is debited with Rs. 50000, representing an increase in cash.
- The Loan Payable Account is credited with Rs. 50000, indicating an increase in the liability of the business.

**5. Posting to the Ledger:**
After recording the journal entry, it is necessary to post the respective amounts to the general ledger accounts. The debit amount of Rs. 50000 will be posted to the Cash/Bank Account, and the credit amount of Rs. 50000 will be posted to the Loan Payable Account.

**Conclusion:**
By following the guidelines provided, the journal entry for borrowing Rs. 50000 in cash from Kanti Poddar can be recorded accurately. It is essential to maintain proper documentation and ensure the entry is posted correctly to maintain accurate financial records.