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Journal entry

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 April 2014 sold private car rs 4000 and bought a new one with the proceeds for business plus rs 5000 from office cash.
pass journal entry.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 April 2014 Bank A/c Dr rs 4000
To Capital A/c Rs 4000

Car (assest) A/c Dr Rs 9000
To Bank A/c Rs 9000
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Rupesh Jain

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Rupesh Jain (Expert)
18 April 2014 cash/bank a/c dr. 4000
To capital a/c 4000

after that

car a/c 9000

to cash/bank a/c 9000
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