Interested to Buy Any Domain ? << Click Here >> for more details...
What will be entry for that: Busines strarted with brrowed
cash Rs. 25000 from Mr. X. if capital will be creadit. Why?
- 11 Answers
- 15770 Views
- IAS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / libin kulamuttom
In copany's book the entry
will be:
By cash
To capital
[Here the busines is liable to
pay tha amount to the owner]
At the same time the owner
will also prepere his own
account.There the entry will
be:
By cash
To loan from mr.x
[here the owner is liable to
pay the amt to Mr.x personally]
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / pappu sharma
How can a person start a Business with the help of other's
money. lallluu sala
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anand reddy
cash a/c dr
to capital a/c
bcoz company is separate and person is separate. in the
company books entry is posted according to the person.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / babhu kanchupalli(dms)
Cash a/c Dr
To Capital a/c
(being business started with capital)
According to the seperate entity concept, the proprieter is seperated from the business.If the proprieterstarts the business with borrowed money......it belongs to his personel transaction....businesss has no effect on this.....even they invested their own money or borrowed from others it is up to him only....for business capital is a liability......in this case also it is same like that.....
| Is This Answer Correct ? | 0 Yes | 0 No |
What is BRS
credit rating
What do you mean by share
What entry to be passed for Duty draw back as receivable
Define scrap value in accounting?
I have an interview on accounts payable.In my CV I have written I have done accounts related work including finalization And i worked on Tally So what kind of questions i am expected to receive in interview.
what is FIC
What is Cash Flow Statement?
What is a contra entry
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
how we maintain account for a coaching institute?
is we purchase any software like installation of MS Windows do we need to capitalize it or post it under head repair & maintenance A/c?
Audit 
