dada proposed to start a business. He had only N10,000
which was not enough to start the business, he got a loan
of N10,000 from his bank
Answer Posted / rabindra nayak
Capital a/c 20000/- Dr
cash a/c 10000 Cr.
Bank a/c 10000 Cr.
(Being Started Business )
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
what is the difference between speculation & investment?
What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
duties of bank finance manager
What is the working formula for Inventory turnover
Explain significance of Nastro and Vastro in accounts?
how we will prepare n file income tax returns for individuals?explain
what is the difference between Assets Allocation & Security selection?
what is purchase tax in rajasthan.
How and by whom the Percentage of Depreciation is fixing?
Telly ERP9 is perfect accounting softwear in excise unit.
Please do tell me about the questions which are asked at BACS FINAL ROUND.
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.
What is meant by retiring Bill
company accounts introduction?