if in bs it is given cash and bank balance ,then what should we dr. when new parrtner capital is cr which is correct
bank a/c dr
to capital a/c
or
cash a/c
to capital a/c

Question

if in bs it is given cash and bank balance ,then what should we dr
when new parrtner capital is cr which is correct
bank a/c dr
to capital a/c
or
cash a/c
to capital a/c

Manisha Arora · Accepted Answer

Hey Priya, if in the Balance Sheet, cash and bank balance are given
separately, then you can debit any one of them

I hope this answers your query
Keep Posting!!

if in bs it is given cash and bank balance ,then what should we dr. when new parrtner capital is cr which is correct bank a/c dr to capital a/c or cash a/c to capital a/c

if in bs it is given cash and bank balance ,then what should we dr. when new parrtner capital is cr which is correct
bank a/c dr
to capital a/c
or
cash a/c
to capital a/c