17 Pass the journa entry of the following transaction:- (4). The businessman Gave private motor car worth Rs 25,000 for business to his worker.
sujiritha95:
ur giving all tricky questions
drew Tsh 1000000 cash from business for personal uses
Drawings A/c Dr 10,00,000 To bank A/c 10,00,000 (being withdrawn cash for personal use)
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the owner is giving the car for business use so it will be an asset for the business
it will be said as capital
the entry for this question is
motor car A/C dr. 25,000
to capital A/C. 25,000
(being motor car brought by the owner to the business)
it will be said as capital
the entry for this question is
motor car A/C dr. 25,000
to capital A/C. 25,000
(being motor car brought by the owner to the business)
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