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She transferred 1500000 to the firm's …

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She transferred 1500000 to the firm's bank account from her savings account

    • Posted by Shubhang Mandhaniya 8 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Govind Jha 8 years, 7 months ago

    if she is the owner of the firm then it will be considered as the capital. following journal entry shall be passed:-

    Bank A/C        Dr.           15,00,000

          Capital A/C                                  15,00,000

    ( being capital introduced)

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