**Journal Entry for Ashok's Business Start-up**

**1. Introduction**
When a business is started, it is important to record all the financial transactions accurately in the books of accounts. In this case, Ashok started his business by investing cash amounting to Rs. 20,000. Let's journalize this transaction and record it in the books of accounts.

**2. Explanation of the Transaction**
The transaction states that Ashok started his business by bringing in cash of Rs. 20,000. This means that Ashok is investing his own personal funds into the business to provide the initial capital required for operations.

**3. Journal Entry**
The journal entry for this transaction will involve two accounts: Ashok's Capital Account and the Cash Account.

**a. Ashok's Capital Account**
Ashok's Capital Account is a personal account that will be used to record the owner's equity or investment in the business. It is a representation of Ashok's share in the business and will be shown as a liability in the books of accounts.

**b. Cash Account**
The Cash Account is a real account that represents the cash inflows and outflows of the business. It is an asset to the business and will be shown on the assets side of the balance sheet.

Now, let's journalize the transaction:

**Date: 2016**
**Particulars** **Debit** **Credit**
Cash Account 20,000
Ashok's Capital Account 20,000

**4. Explanation of the Journal Entry**
In the above journal entry, the Cash Account is debited with Rs. 20,000, which indicates an increase in cash as Ashok brought in cash to start the business. On the other hand, Ashok's Capital Account is credited with Rs. 20,000, representing the capital invested by Ashok into the business. This entry shows the increase in Ashok's equity in the business.

**5. Conclusion**
By journalizing the transaction of Ashok starting his business with cash amounting to Rs. 20,000, we have accurately recorded the initial investment in the books of accounts. This entry will serve as a reference for future financial analysis and reporting. It is important to maintain proper books of accounts to track all financial transactions and ensure the accuracy and transparency of the business's financial records.