Accountancy, asked by ganeshkale3908, 6 months ago

Introduced further capital 3,000

Answers

Answered by kushagra9191mpvm
4

Answer:

In this transaction, Cash is increasing so the capital.

As per the modern rule of accounting

If assets increases- Debit the asset account.

If capital increases- credit the capital account.

So entry would be:-

Cash (Bank)Account Dr. 1000

To capital Account Cr. 1000

Hope this will help you.

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