nadimansary289
nadimansary289 nadimansary289
  • 02-03-2021
  • Business
contestada

started business with cash rs 30000 and bank balance rs 50000​

Respuesta :

andromache andromache
  • 07-03-2021

Answer and Explanation:

The journal entry is shown below:

Cash Dr 30,000

Bank Dr 50,000

      To Capital 80,000

(Being cash and bank brought into the business)

Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity

Answer Link

Otras preguntas

Which basketball player is widely credited with inspiring the ncaa to temporarily ban slam dunks?.
can someone please help mee
Read the passage from chapter 17 of The Prince. Among the wonderful deeds of Hannibal this one is enumerated: that having led an enormous army, composed of many
y=x^2-4x-1 in vertex form
Who is known for announcing "The British are coming! The British are coming!"
How can teachers inspire their students
That yogurt smells badly
which of these health risks may be caused by sleep deficiency A. Lung Disease B. Cancer C. Allergies D. Diabetes
(MARKING BRAINLIEST TO FIRST CORRECT ANSWER!) Which statement below is true? A. All squares are rectangles because both are quadrilaterals, have 90 degree angl
Use point-slope form − 1 = ( − 1) to find the equation of the line that passes through the point (−3,5) and has slope = −2 . Write the answer in slope-intercep