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What is the journal entry when business is started without cash?

Anonymous

∙ 11y ago

Updated: 9/22/2023

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

Wiki User

∙ 11y ago

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What is the journal entry of business started with cash?

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Furniture a/c dr. To capital a/c

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debit cash 50000credit capital 50000

Related Questions

Why do you need to do journal entry?

Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.

Why you post journal entry?

Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.

What is the journal entry of business started with cash?

debit cashcredit capital

What is the journal entry of business started with cash deposite in to bank?

show me journal entery answer started buiness

What will the journal entry for business started with 30000 cash and 100000 bearer cheque?

suman

What is journal entry when started business with furniture?

Furniture a/c dr. To capital a/c

What is journal entry for started business with cash 50000?

debit cash 50000credit capital 50000

When is journal entry made?

Journal entry is made as soon as when any business transaction occur in business.

Why do you pass an journal entry?

For the recording of journal entry, it is mandatory to be business transaction occurred already otherwise no journal entry can be made prior to occurrence of business transaction.

What is a compound journal entry?

Compound journal entry is that entry which records more than one business transaction in one single journal entry.

What is the journal entry for business started with land Rs22000?

Debit Land 22000 Credit Capital 22000

What is journal entry in accounts?

recording of business transaction in chronological order is a journal entry

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