Question

Ajeet started business with cash ₹20,000 with rules.. answer this fast don't write anything else just answer it if u know......​

Answer 1

Answer:

Cash a/c. Dr ₹20,000

To Capital a/c. ₹20,000

(Being business started with cash)

Explanation:

Real a/c - Debit what comes in. Here cash is coming into the business and its a real account and asset so it is debited.

Personal a/c - Credit the giver. Here Ajeet is investing cash in business that means he is giving cash to business. If proprietor brings something in business its called capital. Capital is a Liability and personal a/c so capital a/c is credited.

Answer 2

Answer:

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