varad was to pay ₹50,000 for his share as capital througj RTGS . journal entry
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Answer:
THIS IS A SIMPLE JOURNAL ENTRY
Explanation:
BANK A/C DR 50,000.00
TO CAPITAL A/C (SH VARAD) 50,000.00
(BEING SH VARAD INTRODUCED CAPITAL THROUGH RTGS)
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RTGS ALWAYS HITS IN THE BANK ACCOUNT
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