Question

Which books of prime entry recorded capital introduced,loan

Answer 1

Hello!

_____

explanation:-⤵

___________

➡A journal is known as primary book.

➡ Books of Prime Entry are a more efficient variation on double entry accounting.

➡A double entry is made in the general journal, which is posted in the general ledger accounts.

Answer:-⤵

_______

Loans are recorded in the General Ledger.

for example:- a business obtains a loan from a lender of 10,000 and the amount is paid into the business current account at the bank the journal entry would be.

Loan Capital Journal:-

Account Debit Credit

Bank Current Account 10,000

Loans 10,000

______________________________________

total 10,000 10,000

This show the cash being received into the bank account, and the liability of the business to the lender.

Thanks!

Answer 2

Answer:

Explanation:

The main books of prime entry are:

Sales day book

Purchase day book

Sales returns day book

Purchases returns day book

Bank Book

Cash Receipts Book

Cash Payments Book

Petty Cash Receipts Book

Petty Cash Payments Book

Journal