Journal entry related to starting of business
This query is : Resolved
08 September 2023
What is the journal entry for started business with goods .whether it should be purchase a/c debit to capital a/c or opening stock a/c debit to capital account?
08 September 2023
Purchases A/c Dr.
To Capital A/c
There cannot be any opening stock for new business.
To Capital A/c
There cannot be any opening stock for new business.
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