What will be entry for that: Busines strarted with brrowed
cash Rs. 25000 from Mr. X. if capital will be creadit. Why?
- 11 Answers
- 11934 Views
- IAS, I also Faced
- E-Mail Answers
Answer Posted / libin kulamuttom
In copany's book the entry
will be:
By cash
To capital
[Here the busines is liable to
pay tha amount to the owner]
At the same time the owner
will also prepere his own
account.There the entry will
be:
By cash
To loan from mr.x
[here the owner is liable to
pay the amt to Mr.x personally]
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
What does the abbreviation m mean in accounting?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
explain me what steps would you take to increase revenue for this company?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me
In accounting equation what is the treatment of investment in shares??
Why do you want to be an accountant?
Pls let me know Job profile for Account Manager.
When their is one pick point and four unloading places with in same district their is need to write four number of way biils
What is fractional code and how can i get a fractional code for a particular account?
Cello pen gross value is 935.89 for 12 nos 14.5% tax
How can do it TDS in accounts?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
Horizontal balance sheet versus Vertical balance sheet
how to calculate the rate of hard ,soft and very very hard rock rate of cubic meter
