Accountancy, asked by vara2000tumma, 4 months ago

business started with 100000 and cash deposited in Bank 60000 how to write transaction in journal entry

Answers

Answered by Anonymous

7

Answer:

Cash A/c needs to be Debited and Capital Account needs to be credited. As Business has received Cash which is an Asset for the Organisation and it needs to Credit the Capital Account as it the liability for business to return the amount invested by the promoter. Cash Account - Dr. Capital Account - Cr

Explanation:

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