• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams Results

Comments & Instant poll

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

bookkeeping question about start up capital

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › bookkeeping question about start up capital

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarJohn Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 8, 2016 at 4:30 pm #320936
    Avatarmadeleinec
    Member
    • Topics: 2
    • Replies: 7
    • ☆

    I have been revisiting some bookkeeping and the question gave the following information.

    01/05/2014 started business with £8000 in cash
    02/05/2014 put £7500 of cash into a bank account

    What are the accounting entries required?

    I thought for 01/05/2014 it would be DR Cash 8000, CR capital 8000
    then for 02/05/2014 DR bank 7500, CR cash 7500

    but in the further information about the rest of the month’s transactions it does not make reference to the remaining £500 of the start up cash which is not put in the bank account. So I am unsure what to do with it?

    Many thanks
    Madeleine

    June 9, 2016 at 8:00 am #321328
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54838
    • ☆☆☆☆☆

    Without seeing the whole question, it would seem that the 500 just stays in the cash account!

    I do suggest that you watch our free lectures for Paper F3 – they are a complete course and cover everything needed to be able to pass the exam well.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • oabilentatiwa on Process Technology and Quality control – CIMA E1
  • Inspire on SWOT Analysis – ACCA Strategic Business Leader (SBL)
  • Casair on Statement of cash flows – Example 1 (revision) – ACCA Financial Reporting (FR)
  • Mellytac on Sales Mix Variance – Variance analysis – ACCA Performance Management (PM)
  • newspring.kr on Group SFP – Example (PUPs) – ACCA Financial Reporting (FR)

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in