give journal entries for the following
jan-1 started business with cash 50000 & loan 80000
- 14 Answers
- 52666 Views
- Ascent, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shivdayal
Cash A/c Dr 130000
to Capital a/c 50000
to Loan a/c 80000
| Is This Answer Correct ? | 181 Yes | 23 No |
Answer / dileep
cash a/c Dr 130000
to capital a/c 50000
to loan a/c 80000
| Is This Answer Correct ? | 74 Yes | 16 No |
Answer / kunal
Cash A/c Dr 130000
to Capital a/c 50000
to Loan a/c 80000
| Is This Answer Correct ? | 24 Yes | 6 No |
Answer / althafali.j
cash account DT
TO capital
TO loans
bcz capital &loan has credit balance
| Is This Answer Correct ? | 19 Yes | 9 No |
Answer / arnav mehra
Cash A/c ... dr 1,30,000
To capital A/c. 50,000
To bank loan A/c 80,000
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / akshay kumar
Dear Shivdayal ,
Your answer is 100% correct. Don't worry.
| Is This Answer Correct ? | 7 Yes | 9 No |
Answer / ramesh kumar
CASH A/C DR 50000
BANK A/C DR 80000
TO BANK LOAN A/C 80000
TO CAPITAL A/C 50000
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / jay raj
Cash a/c Dr. 1,30,000
To Capital a/c 1,30,000
Explanation: A business doesn't exist until the capital is invested by the owner. The loan was taken before the birth of business. Although, the loan has been taken for the purpose of commencement of the business, it should be treated as personal transaction of the owner.
| Is This Answer Correct ? | 7 Yes | 13 No |
Answer / sanjeev kumar
cash dr 50000
capital dr 30000
loan a/c Cr 80000
| Is This Answer Correct ? | 3 Yes | 25 No |
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
what is entry for depreciation?
44 Answers Genpact, IBM, Maersk, OPI Global, Wipro,
Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it
Why we use account payble
What is the difference between TIN no. and CST no.?
what is double entry system
After closing the financial year i.e. 31st march., you have received a teliphone bill on dated 1st april ( And the bill was for the month of 1 mar to 31st march i.e closing year's last month)what treatment you will do in current financial year and closing financial year.
how an accountant can do budgetery controls of expenses?
what is serviuce tax,how to calculate service tax?
What do you mean by / what is fund management..?
what is mean by credit note and debit note?
Audit 
