Give the journal entry
* Business started with cash of Rs 100000
* Business started with bank loan of Rs 100000
Answers
Answered by
6
* cash A/c Dr
To capital A/c
* cash A/c Dr
To Bank loan A/c
To capital A/c
* cash A/c Dr
To Bank loan A/c
Thebrainlylegends:
Could you please explain? How you made this entries!
the golden rule of accounting is Debit the receiver and credit the giver , debit what comes in and credit what goes out
so in both entries cash is coming in so debit cash A/c
In 1st entry the giver is the owner so crediting his capital a/c. and in 2nd case the giver is the bank so we credited bank loan a/c
Thanks a lot! Friend
any time
Answered by
0
Answer:
*Cash A/c Dr
To Capital A/c
*Case A/c Dr
To Bank loan A/c
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