JOURNAL ENTRY FOR CAPITAL INTRODUCED

Are you looking to know about Journal entry for Capital Introduced? If yes then you came to article.

In this article you get to know about Accounting of Capital Introduced, Capital introduction in accounting, Double entry for Capital, Cash Capital journal entry, Capital Introduced by cheque journal entry. This article is written after referring Accounting Rules and reading more than 10 articles related to Journal Entry.

Journal Entry for Capital Introduced is.

Capital is nothing but the owners amount invested in the business it’s either in form of Cash or in form of Assets.

Example 1:

Mr. XYZ started Company/Business with cash of ₹ 1,00,000/-

In this example Mr.XYZ invested in the business through cash so Cash Account is Debited and Credited to Capital Account. Real Accounts rule is Debit what comes in Credit was goes out is applicable here.

Example 2:

Mr. XYZ started business with cash of ₹ 10,000 and land of  ₹ 10,00,000/- and Stock of ₹ 90000/-

Example 3:

CAPITAL INTRODUCED BY CHEQUE JOURNAL ENTRY

Mr. XYZ invested in the Company by giving cheque of                            ₹ 10,00,000/-

FURTHER CAPITAL INTRODUCED JOURNAL ENTRY

CONCLUSION:

Dear reader in this article you get to know about Journal Entry for Capital Introduced with examples. Hope you understood the things better. If you have any query regarding this article kindly comment below.