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
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Answer Posted / rabindra nayak
Capital a/c 20000/- Dr
cash a/c 10000 Cr.
Bank a/c 10000 Cr.
(Being Started Business )
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CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c
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