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Home > Business & Careers > Accounting   »   Journal entry

 
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Old Feb 25, 2009, 10:44 PM
ronaldhyd
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Journal entry

What is the credit account for the begining balance of Bank account while doing the personal account.

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Old Feb 26, 2009, 12:55 AM   #2  
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CAPITAL - OWNER Account.

DEBIT Bank Account XXXX
CREDIT Capital - Owner Account XXXX

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ronaldhyd agrees: Correct according to the concept. thanks
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Old Feb 26, 2009, 09:09 AM   #3  
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A personal account should be seperate from a business account.
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