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What is the journal entry of the following transaction ram started business with cash 120000 and goods 25000 rs?
Wiki User
∙ 12y ago
debit cash 120000
debit goods 25000
credit capital 145000
Wiki User
∙ 9y ago
Wiki User
∙ 12y agoRam A/c DR.
To capital A/c
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show me journal entery answer started buiness
What is the journal entry when business is started without cash?
When business is started without cash then may be owner invested some kind of asset in business journal entry is as follows: [Debit] asset in kind [Credit] Owner's Equity
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debit cashcredit capital
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suman
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