Accountancy, asked by dilkashhasib505, 8 hours ago

brought capital in cash ₹2500 journal entry​

Answers

Answered by Aayushkumar1975
2

Since Purchase of goods is an expense, so, Purchases A/c would be debited, because according to the Rules of Debit and Credit, an expense A/c is debited . Upon payment of goods purchased in Cash, cash balance reduces, therefore the asset account is credited according to the Rules of Debit and Credit.

Answered by nandini8585808
0

Answer:

Brought capital in cash journal entry

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