Question

introduced further capital journalise entries​

Answer 1

Answer:

When you record the journal, you enter the capital introduced as a credit and post the opposite debit entry to the nominal ledger account you want to affect.

Answer 2

Answer:

In this transaction, Cash is increasing so the capital.

As per the modern rule of accounting

If assets increases- Debit the asset account.

If capital increases- credit the capital account.

So entry would be:-

Cash (Bank)Account Dr. 1000

To capital Account Cr. 1000

Hope this will help you.

Explanation:

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