Accountancy, asked by mehradaksh, 1 year ago

introduced additional capital by cheque tell entry

Answers

Answered by sujiritha95
25
Bank A/c Dr .......
     To capital A/c  .....
(being additional capital raised ) 

sujiritha95: pls mark it as brainliest answer
Answered by albelicat
2

The answer is shown below.

Explanation:

The journal entry is shown below:

Bank A/c Dr XXXXX

    To Capital A/c XXXXX

(Being the additional capital introduced)

While introducing additional capital it impacts two accounts i.e Bank account and capital account as it increases the bank balance and capital account together. So to follow double account bookkeeping one account is debited and another account is credited and we did the same

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