Hindi, asked by kumarhiteshmfu, 7 months ago

Commenced business with cash

Answers

Answered by heroboy53

Answer:

Journal entry for started business with cash

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.

Previous Question

Next Question

Similar questions

Geography, 3 months ago

Fatehpur Sikri is an example of craft town...

English, 3 months ago

what makes you say savitri was a good daughter?

Math, 3 months ago

Which statement is true about the graphs of the two lines y = -4/5 x + 2 and y = -5/4x -1/2 ?

Social Sciences, 7 months ago

why democracy leads to instability?why...

English, 7 months ago

EXERCISE-1 Turn the following sentences in the Indirect Speech: (1) I said to him, "You are very ambitious," (2) He said to me, "Your brother has sent you a gift." (3) He said to us, “I cannot read if you make a noise." (4) Hari said. “I am working against heavy odds." (5) He said, “I left school long ago." (6) Dwarka said, "I do not know when the school is going to close for the vacation." (7)...

Psychology, 10 months ago

Differentiate between an interview and a questionnaire.

Social Sciences, 10 months ago

define solar energy....

Social Sciences, 10 months ago

Why was the decade of 1830s know as great economic hardship in europ? explain any three reasons.