Question

Sold personal car of the proprietor for ₹ 1,50,000 against cheque, which was deposited into the proprietor's personal bank account. I want answer of this journal entry.

Answer 1

heyaa,,,,
____________________________________
according to the question there will be two entries;
1. Bank A/C dr 150000
to assets. a/c 150000.
2. Bank a/c Dr 150000
to capital a/c 150000.
__________________________________
hope it helps.....

Answer 2

Answer:

Entry will not be passed