what is the correct journal entry of business started by cash rs 4000 and loan taken from bank rs4000??
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2
cashA/c dr. 4000
To capitalA/c. 4000
in second entry we have take loan from bank
then the entry will be
cash A/c dr. 4000
To bank loan 4000
To capitalA/c. 4000
in second entry we have take loan from bank
then the entry will be
cash A/c dr. 4000
To bank loan 4000
Answered by
1
cash a/c Dr. 4000
to capital a/c 4000
cash a/c Dr. 4000
to bank loan a/c 4000
to capital a/c 4000
cash a/c Dr. 4000
to bank loan a/c 4000
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