Journal Entry for Capital - GeeksforGeeks (2024)

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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:

Journal Entry for Capital - GeeksforGeeks (2)

Example 1: Sahil started his business with cash, furniture, and a Motorbike ₹10000, ₹20000, & ₹30000, respectively.

Solution:

Journal Entry for Capital - GeeksforGeeks (3)

Example 2: Business started with cash, stock, and land ₹50,000, ₹1,00,000, and ₹8,50,000, respectively.

Solution:

Journal Entry for Capital - GeeksforGeeks (4)


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Journal Entry for Capital - GeeksforGeeks (6)

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'); $('.spinner-loading-overlay').show(); jQuery.ajax({ url: writeApiUrl + 'create-improvement-post/?v=1', type: "POST", contentType: 'application/json; charset=utf-8', dataType: 'json', xhrFields: { withCredentials: true }, data: JSON.stringify({ gfg_id: post_id, }), success:function(result) { $('.spinner-loading-overlay:eq(0)').remove(); $('.improve-modal--overlay').hide(); $('.unlocked-status--improve-modal-content').css("display","none"); $('.create-improvement-redirection-to-write').attr('href',writeUrl + 'improve-post/' + `${result.id}` + '/', '_blank'); $('.create-improvement-redirection-to-write')[0].click(); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); return; } var improvement_reason_html = ""; for(var comment of commentArray) { // loop creating improvement reason list markup var comment_id = comment['id']; var comment_text = comment['suggestion']; improvement_reason_html += `

${comment_text}

`; } $('.improvement-reasons_wrapper').html(improvement_reason_html); $('.improvement-bottom-btn').html("Create Improvement"); $('.improve-modal--improvement').hide(); $('.improvement-reason-modal').show(); }, error: function(e){ $('.spinner-loading-overlay:eq(0)').remove(); // stop loader when ajax failed; }, }); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); }); $('.left-arrow-icon_wrapper').on('click',function(){ if($('.improve-modal--suggestion').is(":visible")) $('.improve-modal--suggestion').hide(); else{ $('.improvement-reason-modal').hide(); } $('.improve-modal--improvement').show(); }); jQuery('.suggest-bottom-btn').on('click', function(){ var suggest_val = $.trim($("#suggestion-section-textarea").val()); var error_msg = false; if(suggest_val != ""){ if(suggest_val.length <= 2000){ jQuery('body').append('

'); jQuery('.spinner-loading-overlay').show(); jQuery.ajax({ type:'post', url: "https://apiwrite.geeksforgeeks.org/suggestions/auth/create/", xhrFields: { withCredentials: true }, crossDomain: true, contentType:'application/json', data: JSON.stringify({ "gfg_post_id" : `${post_id}`, "suggestion" : `

${suggest_val}

` }), success:function(data) { jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-section-textarea').val(""); jQuery('.suggest-bottom-btn').html("Sent "); setTimeout(() => { jQuery('.improve-modal--overlay').hide(); $('.improve-modal--suggestion').hide(); }, 1000); }, error:function(data) { jQuery('.spinner-loading-overlay:eq(0)').remove(); jQuery('#suggestion-modal-alert').html("Something went wrong."); jQuery('#suggestion-modal-alert').show(); error_msg = true; } }); } else{ jQuery('#suggestion-modal-alert').html("Character limit exceeded."); jQuery('#suggestion-modal-alert').show(); jQuery('#suggestion-section-textarea').focus(); error_msg = true; } } else{ jQuery('#suggestion-modal-alert').html("Enter valid input."); jQuery('#suggestion-modal-alert').show(); jQuery('#suggestion-section-textarea').focus(); error_msg = true; } if(error_msg){ setTimeout(() => { jQuery('#suggestion-section-textarea').focus(); jQuery('#suggestion-modal-alert').hide(); }, 3000); } }) $('.improvement-bottom-btn.create-improvement-btn').click(function() { //create improvement button is clicked $('body').append('

'); $('.spinner-loading-overlay').show(); // send this option via create-improvement-post api jQuery.ajax({ url: writeApiUrl + 'create-improvement-post/?v=1', type: "POST", contentType: 'application/json; charset=utf-8', dataType: 'json', xhrFields: { withCredentials: true }, data: JSON.stringify({ gfg_id: post_id }), success:function(result) { $('.spinner-loading-overlay:eq(0)').remove(); $('.improve-modal--overlay').hide(); $('.improvement-reason-modal').hide(); $('.create-improvement-redirection-to-write').attr('href',writeUrl + 'improve-post/' + `${result.id}` + '/', '_blank'); $('.create-improvement-redirection-to-write')[0].click(); }, error:function(e) { $('.spinner-loading-overlay:eq(0)').remove(); var result = e.responseJSON; if(result.detail.non_field_errors.length){ $('.improve-modal--improve-content .improve-modal--improve-content-modified').text(`${result.detail.non_field_errors}.`); jQuery('.improve-modal--overlay').show(); jQuery('.improve-modal--improvement').show(); $('.locked-status--impove-modal').css("display","block"); $('.unlocked-status--improve-modal-content').css("display","none"); $('.improve-modal--improvement').attr("status","locked"); $('.improvement-reason-modal').hide(); } }, }); });

Journal Entry for Capital - GeeksforGeeks (2024)
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