Ask Experts Questions for FREE Help !
Ask

When new capital is introduced, is it entered in the capital account or bank account?

Asked Nov 24, 2007, 02:37 PM — 1 Answer
When new capital is introduced, is it entered in the capital account or bank account?

Search this Thread
Share |
1 Answer
when_will_I_learn's Avatar
when_will_I_learn Posts: 5, Reputation: 1
New Member
  
#2

Nov 25, 2007, 04:14 PM
Quote:
Originally Posted by neelz
when new capital is introduced, is it entered in the capital account or bank account?
Both.

You debit Cash and credit capital
Helpful
Not your question? Ask your question View similar questions
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Add your answer here.

Remove Text Formatting
 

Undo
Redo
  
Decrease Size
Increase Size
Bold
Italic
Underline
Align Left
Align Center
Align Right
Ordered List
Unordered List
Decrease Indent
Increase Indent
Insert Email Link
Wrap [QUOTE] tags around selected text
Wrap [CODE] tags around selected text
Wrap [HTML] tags around selected text
Wrap [PHP] tags around selected text
Wrap [YOUTUBE] tags around selected text
Notification Type:



Check out some similar questions!

Capital Budgeting and opportunity cost of capital [ 1 Answers ]

Wiley Co., is considering an investment of $200,000 in a project with a 5 year economic life. After tax net income from the project has been calculated at $22,00 per year including a deduction for depreciation of $30,000 per year. The residual or salvage value at the end of 5 years is $50,000....

Capital One Froze My Bank Account [ 3 Answers ]

Hi, I live in Virginia. Capital One credit cards obtained a judgement against me on 10/25/06. On 11/3/06, I went to the ATM to withdraw some money and was informed that I had insufficient funds. Funny, that morning I had 700.00. I asked the bank and they said some one had withdrawn 1201.82 from...

View more Accounting questions Search