how to post this transactions in double column cash book
started business with cash and furniture.
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Answered below.... You have to enter transactions in debit side in cash column...
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The Journal Entry will be :
Furniture A/C Dr Rs.xxx
Cash A/C Dr Rs.xxx
To Capital A/C Rs.xxx
(being capital intoduced in the form of furniture and cash)
In the double column cash book,
On the debit side, write ' To Capital A/C' with the respective amount of cash brought in
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