The Accounting treatment or Journal entry if a new startup company. If the owner has purchased an asset for the company? with his personal cash

Question

Muhammad Haris CIMA · Answer

Asset---------------------Dr.

Capital/Equity-------------------Cr.

Sadeeq Akbar · Answer

Dr Asset

Cr Capital/Investment in Business

Khateeb Hussain · Answer

Asset account debit and share capital account credit with the amount of asset. (this will be shown under the category of shares issued against consideration paid other than cash in the notes to the financial statement).

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The Accounting treatment or Journal entry if a new startup company. If the owner has purchased an asset for the company? with his personal cash

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