Accountancy, asked by prathiksha3998, 1 year ago

Additionl capital into business in cash

Answers

Answered by kapil19jun01
0

Answer:

Cash A/c Dr.

To Captital a/c

Explanation: while introducing capital, the firm receives cash and an increase in asset is debited, therefore cash is debited. Capital being liability of the firm (as per business entity principle) is increased and an increase in liability is always credited, therefore capital is credited.

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