answersLogoWhite

0

Debit cash / bank
Credit owners capital

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What is the journal entry of cash received?

debit cash receivedcredit accounts receivable


What is the journal entry of discount received?

Dr cash/bank Cr discount received


I received 9755.75 in cash but my cash register total 9735.55 what is the journal entry?

Banks have taxes.


What is journal entry for cash received of 3000 from raman?

debit cash 3000credit raman 3000


What is journal entry for received cash from ajay 12000?

debit cash 12000credit ajay 12000


What is journal entry for received cash from jay 12000?

debit cash 12000credit ajay 12000


What is journal entry for received cash for services?

[Debit] Cash / bank [Credit] Services revenue


How do you record cash received from a customer on a double entry journal?

debit cash / bankcredit accounts receivable


What entry would you make in the general journal for commission received?

Debit cash / bankCredit commission received


What will be the journal entry for commission received?

[Debit] Cash account xxxx [Credit] Commission received xxxx


How do you record journal entry for cash?

if cash received then cash is debit while if cash is paid then cash is credit with other account towards which payment made or amount received.


What wil be the journal entry of dividend received and reinvested?

If dividend received is reinvested then there is no journal entry is required and this information can be mentioned through the use of memo entry.There is no journal entry required for dividend received reinvested as nothing is received by person or company so memo entry is enough for information purpose.