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View Full Version : If I put 30k to start my business, what is debit & credit a/c in journal entry?

camen
Nov 29, 2009, 07:23 PM
If I use 30k to start my own business, what's the debit & credit a/c in journal entry?
ROLCAM
Nov 30, 2009, 04:06 AM
DEBIT Cash Account $30,000
CREDIT Capital Account $ 30,000

Being an amount of $30,000 introduced as Capital into the business.