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Subjects>Law & Government>United States Government

What is the journal entry when capital is introduced by depositing into bank?

Updated: 11/12/2022

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∙ 10y ago

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Debit Bank account xxxx

Credit Capital account xxxx

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Related questions

What is the journal entry for unsubscribe capital stock?

There is no journal entry for unsubscribed capital as this is that portion of capital which is company has offered to shareholders for purchase but nobody has purchased that capital so no transaction incurred and hence no journal entry required.

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the Journal entry for Additional capital brought to business partner Capital A/c Dr. To Partner Capital A/c

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capital

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debit share capital accountcredit cash / bank

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What is the journal entry for capital stock?

Debit Cash / bank / goods Credit Capital account

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What is the journal entry to interest on capital?

[Debit] Interest on capital account xxxx [credit] Capital account xxxx

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