Entry of opened a current account by personal cheque
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Bank A/c Dr
To capital A/c
To capital A/c
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10
Bank A/c…Dr
To Capital a/c
Explanation:
The bank account here in this case is being created for the sake of the business and the savings mostly belong to the person who is bringing in capital.
This current account would be a form of outsource for the firm, to be more accurate it would be an outsource capital to the firm as the savings do not belong to the firm as it’s not a savings but instead a current account. This is why the entry is given in that manner.
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