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View Full Version : What is the jornal entry of ram starts a business with @ 50000/-?

prabhat_1
Jun 23, 2011, 07:41 PM
What is the jornal entry of ram starts a business with @ 50000/- cash?
pready
Jun 28, 2011, 08:46 PM
Debit Cash for the amount
Credit appropriate Owner's Equity account for the amount
dom.b.fortin
Jul 7, 2011, 01:45 AM
What is ram?or who? Is he the owner?
Dr. Cash 50,000
Cr. Ram Capital 50,000