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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?

1 Answer
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when_will_I_learn Posts: 5, Reputation: 1
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#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
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