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

Answer Posted / nitin

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

(Being Capital Introduced to start business)

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand SOIT

1455


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

1569


Purchase book is a ----------journal

1703


1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?

1467


business sepsarate entity concepts

1695






Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.

1861


Queries for Big4 Articleship : Whether son of CA in practice effects chances.

6513


What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?

1811


service tax form no ? What is CC Limit ? What is branch accounts?

1709


Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful

1617


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1986


Explain about Fixed capital

1587


Explain valuation methods of Normal and Abnormal loss

1607


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

1556


I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim

1627