journal entry for business started with capital rs. 50000
Answers
Answer:
Cash A/c Dr. 50,000
To Capital A/c 50,000
(Being business commenced).
Explanation:
The amount invested inside the business whether or not in the manner of coins or type by using the proprietor or owner of the business is referred to as capital. The capital account may be credited and the cash or belongings added in might be debited
When the coins is available in, we debit the cash A/c and credit the capital A/c adhering to the guidelines of real Account and personal Account which says” Debit what comes in whereas credit score the giver. The capital invested inside the commercial enterprise is a liability to the firm/situation and so it's far credited.
A magazine access is a file of the enterprise transactions in the accounting books of a commercial enterprise. A nicely documented journal access includes an appropriate date, quantities to be debited and credited, description of the transaction and a unique reference number. A magazine entry is the first step inside the accounting cycle.
To learn more about Capital visit
brainly.in/question/38258352
brainly.in/question/18467555
#SPJ1