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- Journal Entry (Capital, Drawings, Expenses, Income & Goods)
- Journal Entry for Capital
- Journal Entry for Drawings
- Journal Entry for Paid Expenses
- Journal Entry for Income
- Journal Entry for Sales and Purchase of Goods
- Journal Entry for Cash and Credit Transactions
- Journal Entries | Banking Transactions (Part-1)
- Journal Entries | Banking Transactions (Part-2)
- Journal Entry for Sale and Purchase of Assets
- Journal Entry for Depreciation
- Journal Entry for Discount Allowed and Received
- Journal Entry for Full/Final Settlement
- What is a Compound Journal Entry ?
- Opening Journal Entry
- Journal Entry for Bad Debts and Bad Debts Recovered
- Journal Entry for Loss of Insured Goods/Assets
- Journal Entry for Loan Taken
- Journal Entry for Loan Given
- Journal Entry for Outstanding Expenses
- Journal Entry for Prepaid Expenses
- Journal Entry for Accrued Income or Income Due
- Journal Entry for Income Received in Advance or Unearned Income
- Journal Entry for Income Tax
- Journal Entry for Life Insurance Premium & Employee's Life Insurance Premium
Last Updated : 05 Apr, 2023
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The amount invested in the business whether in the means of cash or kind by the proprietor or owner of the business is called capital. The capital account will be credited and the cash or assets brought in will be debited.
Journal Entry:
Example 1: Sahil started his business with cash, furniture, and a Motorbike ₹10000, ₹20000, & ₹30000, respectively.
Solution:
Example 2: Business started with cash, stock, and land ₹50,000, ₹1,00,000, and ₹8,50,000, respectively.
Solution:
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