exchanged old delivery van of 40 000 for a new worth 80000 balance is paid 50/ from personal bank account and 50/ from business bank account pass a journal entry
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Delivery Van a/c Dr ₹80,000
To Old Delivery Van a/c ₹40,000
To Capital a/c ₹20,000
To Bank a/c ₹20,000
(Being new delivery van purchased by exchanging the old one and the remaining due paid by owner's personal a/c & bank a/c)
I hope it helps :)
Explanation:
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