Accountancy, asked by tripathigaurav867, 5 months ago

Bank a/c ...... Dr capital a/c.... cr.. in this journal entry why capital account is credited any guess guys

Answers

Answered by singhabhishek200212

Because Capital account has Credit nature.. when will be capital increase we have to Credit (Cr) it. and when capital will be decrease we have to debited (Dr) .. in above transaction capital is invested by bank.. we can se capital is increasing so that's why we credited it..

Hope you understand

Abhishek..

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