Banked Tsh 300000 into the business bank account
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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
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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 )
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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