What is the journal entry of mohan commenced biz.With cash?
Answers
Answered by
0
hello
when we read the question it says that Mohan has started a business with cash which means he has invested capital in the business
so the journal entry for this will be
cash A/c dr. . XXX
to capital A/c XXX
( being business is commenced with cash)
Answered by
0
Cash. A/c. Dr
To capital a/c
To capital a/c
Similar questions