Question

Rahul deposited Rs.10,00,000/- from his personal savings and borrowings into the business bank account.​

Answer 1

Answer:

Explanation:

If Mr. Rahul deposited Rs.10,00,000/- from his personal savings and borrowings into the business bank account., then this will be treated as investment in business and this will be a capital account.  The entry will be

Bank A/c Dr.    Rs. 10,00,000.00

  TO Rahul,s Capital A/c                        Rs. 10,00,000.00

(Being Rahul deposited Rs.10,00,000/- from his personal savings and borrowings into the business bank account.​)