After new company create... How should enter below transaction?Proprie

This question was asked in Mixed Entries Practice

After new company create... How should enter below transaction?

Proprietor bring cash rs 50000, good stock rs 40000, debtor rs 30000, loan rs 50000

Kindly let me know also antry in which a/c and under which head

Thanks

Hiren Ramolia

Aug. 1, 2017, 6:38 p.m.

Hiren Ramolia

Aug. 10, 2017, 11:05 a.m.

Thanks

Comment

Davneet Singh

Aug. 2, 2017, 7:11 p.m.

Cash Dr 50000

Stock Dr 40000

Debtor Dr 30000

To Capital 70000

To Loan 50000

Stock under Stock in hand,Debtor under Current Assets,Loan under Loans Liabiiity

Capital under Capital account

Cash a/c already created

It is a Receipt entry in tally

Comment