dada proposed to start a business. He had only N10,000 which was not enough to

dada proposed to start a business. He had only N10,000
which was not enough to start the business, he got a loan
of N10,000 from his bank

Question Posted / busari olabisi

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dada proposed to start a business. He had only N10,000 which was not enough to start the business,..

Answer / nitin

cash a/c Dr 10000
Bank a/c Dr 10000
To Capital a/c Cr 20000

(Being Capital Introduced to start business)

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dada proposed to start a business. He had only N10,000 which was not enough to start the business,..

Answer / rabindra nayak

Capital a/c 20000/- Dr
cash a/c 10000 Cr.
Bank a/c 10000 Cr.

(Being Started Business )

Is This Answer Correct ?

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2 No

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