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????????????????
- 5 Answers
- 11712 Views
- IAS, I also Faced
- E-Mail Answers
Answer Posted / alok
the question clearly states that the business is started
with the amount taken as loan by third party. Loan and
capital both are liability of the business.
There should be considered if the proprietor wants to make
this loan as business loan or personal loan.
If the proprietor goes with business loan there should be
zero capital and business will be at full loan and without
equity(in such case the profit after exp and int. will be
the capital to the business).
Otherwise the capital will be there in business as equity
and proprietor will maintain the personal loan.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Define depreciation and its types?
Tell us what is your proudest accomplishment?
What are the 4 principles of gaap?
Why current assets Liability said & current Liability Assets said...?at tally ERP9
Follow up ageing balances of Debtors & Creditors and also Inventory
What are the 4 phases accounting?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
what are the limitations of accounting conventions
How do I charge bank charges on payments to clients
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
Plz Ask from me New Accounting Questions.
What is the difference between the accrual accounting and cash accounting?
Where should tds received should show in balance sheet?
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
In which term & condition excise invoice raises & for what excise invoice raise?
