What will be entry for that: Busines strarted with brrowed
cash Rs. 25000 from Mr. X. if capital will be creadit. Why?
Answer Posted / anand reddy
cash a/c dr
to capital a/c
bcoz company is separate and person is separate. in the
company books entry is posted according to the person.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What is meant by balancing?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
what are your current financial and accounting projects? What is your role?
What is Capital Commitments means?
How to pass journal entry of gifts purchased for employee by using campany ATM card
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
What is tally accounting?
Explain miscellaneous expenditures & profit and loss account debit balance
what is lease accounting?? please explain me....
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Private purchases amounting to rs 5000 have been debited to purchases account
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
Hi, we are not a VAT register and raised not VAT bill to company for signage material. they are deducting WCT @4%, can anybody help me why they are deducting WCT while i am not a VAT register vendor, as i do not cross threshold limit.
Recent trends in Corporate Governence?
Do you know what is double-entry accounting? Explain with an example?