Tag Archives: #FinancialBasics101

Q427 What would be the journal entry for cash paid into a bank?

Cash Paid into a Bank Website link The journal entry for cash paid into a bank depends on the source or reason for the cash payment. If the cash represents an increase in the company’s own funds, such as cash from sales or cash received from investors, the journal entry would be as follows: Debit:… Read More »

What is the difference between capital and equity?

Capital and Equity Difference between Capital and Equity, Capital and equity are two terms used in finance and accounting, and while they are related, they have different meanings. Capital refers to the financial resources of a company or individual, which can be use to generate income or invest in assets. It includes all… Read More »

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