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she invested P 50, 000 in cash to start his business
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
Debit business expensesCredit cash
[Debit] Cash 1500 [Debit] Tools 500 [Credit] Capital 2000
Debit ram 1000Credit cash 1000
she invested P 50, 000 in cash to start his business
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
Debit business expensesCredit cash
[Debit] Cash 1500 [Debit] Tools 500 [Credit] Capital 2000
Debit ram 1000Credit cash 1000
What_is_a_cash_receipt_journalcash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital All cash payments made by the company.
cash receipt journal is used to record money received by the business during calendar month as previously mentioned ,when money is received by the business for capital
Lost by theft drEmbazzeled cash drTo cash account
debit rent expense 1500credit cash 500credit bank 1000
debit cash 50000credit capital 50000
debit cashcredit capital
purchases a/c 1000...dr. cash a/c 1000...cr.