Question

personal car sold for rupees 60000 and introduce this amount into his already existing business journal entry​

Answer 1

Answer:

cash dr. 60000

capital cr. 60000

Answer 2

Answer:

cash A/c dr 60000

To owner's capital A/c 60000

no entry will be done when owner sold his personal car.only one entry is to be done in this transaction as owner is introducing capital in his firm