Additional capital used for purchase what is the journal entry?
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cash / bank a/c dr.
to capital a/c
(being cash introduced in business to increase the capital)
to capital a/c
(being cash introduced in business to increase the capital)
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Cash/Bank A/c. Dr. 1000
To Capital A/c. 1000
(Being cash introduced in businees to increase the capital)
In balancesheet on Aseets you have to increase cash/bank and on liability side increase the Capital.
To Capital A/c. 1000
(Being cash introduced in businees to increase the capital)
In balancesheet on Aseets you have to increase cash/bank and on liability side increase the Capital.
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