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    prabhat_1's Avatar
    prabhat_1 Posts: 1, Reputation: 1
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    #1

    Jun 23, 2011, 07:41 PM
    What is the jornal entry of ram starts a business with @ 50000/-?
    What is the jornal entry of ram starts a business with @ 50000/- cash?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 28, 2011, 08:46 PM

    Debit Cash for the amount
    Credit appropriate Owner's Equity account for the amount
    dom.b.fortin's Avatar
    dom.b.fortin Posts: 27, Reputation: 1
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    #3

    Jul 7, 2011, 01:45 AM
    What is ram?or who? Is he the owner?
    Dr. Cash 50,000
    Cr. Ram Capital 50,000
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