Question

१) Business started with cash Rs 150,000❤❤❤❤❤



What is the entry ❤❤❤



Answer only if u know ❤❤​

Answer 1

3 GOLDEN RULES OF ACCOUNTING...

PERSONAL ACCOUNTS

Debit the receiver

Credit the giver

REAL ACCOUNTS

Debit what comes in

Credit what goes out

NOMINAL ACCOUNTS

Debit all expenses and losses

Credit all gain and income

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Business started with cash rs 1,50,000

CASH ACCOUNT DR 1,50,000

TO CAPITAL ACCOUNT 1,50,000

( BEING CASH INTRODUCE IN BUSINESS )

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