Accountancy, asked by Venkatesh7882, 1 year ago

Journal entry of cash in hand

Answers

Answered by tanyachaturvedi

cash in hand a/c dr.
To capital

sujiritha95: can u explain how this journal entry arrived

tanyachaturvedi: cash is asset and it is increasing soit will be debited and capital is liability and it is also increasing so it will be credited.

sujiritha95: why capital s credited . this entry says cash bring to d company .. d question was journal entry for cash in hand

tanyachaturvedi: cash in hand also means increase of the asset and when the cash increses the capital also increases.

tanyachaturvedi: here capital is credited because it is treated as lianility and when liability increases it is credited

Answered by exceptionalmeno

Cash a/c dr.
To capital a/c

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