Question

Akhil issued a cheque for 50000 rupees from his savings account in firms name. jounalise the following​

Answer 1

Answer:

Bank A/c Dr.

To Capital A/c

Explanation:

Always Think from the perspective of Firm. Firm's Bank A/c is Increasing and Bank A/c is an Asset A/c and when Assets increases it is debited sinilarly firm's liability towards proprietor is also increasing which is known as Capital and when Liability/Capital increases it is Credited.

Answer 2

Answer:

Explanation:

Answer is bank ac dr 50000

To capital ac 50000