Question

Business shop expenses ₹ 2,500 paid by the proprietor personally.​

Answer 1

Answer:

Accounts payable entry. When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash.

Answer 2

Answer:

By paying the expenses of business from personal cash owner has introduced Additional Capital in the Business and so the capital will ...