Question

varad was to pay ₹50,000 for his share as capital througj RTGS . journal entry​

Answer 1

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