Accountancy, asked by MDMM, 11 months ago

started a business with 10000 paid into bank 5000-journal entry

Answers

Answered by babushall
4

the journal entry for starting the business is

cash a/c Dr 10000 -

To capital a/c - 10000

(being the business commenced with cash )

The journal entry for pais into bank is :

Bank a/c Dr 5000 -

To cash a/c - 5000

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