Question

What is the journal entry of introduced a capital of 100000 entry?

Answer 1

Bank A/C. Dr. 100000
To Capital A/C 100000
if bank balance no brought than
another assets will be debited for exam.
cash , furniture ,stock etc.

Answer 2

Journal entries

Explanation:

                          Books of (----Limited)

                               Journal entry                                                

Date           Account Title and Explanation       Debit    Credit

              Cash / Bank       A\c         Dr.                100,000

              To Capital    A\c                                          100,000

                    (Being Business start with 100,000)

Note: Introduce capital is a liability for the business , so Capital will be credit .

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