For following transactions give two fold effect, its type and debit and credit.
(a) Started business with transaction of cash Rs.50,000.
(b) Purchased goods of Rs.3,000.
Answers
Answered by
1
Explanation:
a)
debit effect
Cash comes into business
type
real
credit effect
capital increase
type
personal
debit cash
credit capital
b)
debit effect
goods purchase
type
nominal
credit effect
cash goes out
type
real
debit purchase
credit cash
Answered by
0
Answer:
iqn-tbuz-ney
Explanation:
iqn-tbuz-ney
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