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

The board of directors for TundraPro, Inc., is searching for a new CEO. The firm is in need of new direction after suffering several years of declining performa
what do you tink about NEW YORK TIMES
Which contains the particles that are vibrating faster
a man eats one cake a day for a year. How many total cakes does he consume ??
Y=2.5x+5.8 When x=0.6
Which inequality has the graph shown below?
your neighbour is throttling his recent bought motorbike to show off. the sound intensity measured at your window 16m away is 0.25W/m^2. what is the sound inten
A key development in the recognition of deaf people in American culture was the creation of a permanent school development of anti-discrimination laws electi
A startled antelope started running and covered 1,110 feet in 15 seconds. What was the antelope’s speed, in feet per second, during this short burst
What is the area of the right triangle below? A. 96 sq. units B. 11 sq. units C. 22 sq. units D. 48 sq. units​