Accountancy, asked by tamimumhesa06, 1 year ago

Banked Tsh 300000 into the business bank account

Answers

Answered by Anonymous
0

Bank A/C. Dr. Rs.3,00,000


To Capital A/C. Rs.3,00,000


(Being Amount transferred from personal bank account to business bank account)


tamimumhesa06: Drew Tsh 50000 from bank for business use
tamimumhesa06: Journal entry
Answered by demonsking52801
0
in the above question the money is transferred from the owners bank account to the business bank account
and as we know that when any asset or money is brought by the owner then it is termed as capital

so the journal entry of this question is

bank A/C dr 3,00,000
to capital A/C 3,00,000
(being owner deposited cash from personal account to business bank account )
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