Question

Mr. nag started business with cash. Rs .45, 000





please tell me fast

Answer 1

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

analyse the question- 2 accounts affected

Cash A/c - real account , in this case cash comes into the business therefore its debited

Capital A/c is a personal A/c , where owner is the giver therefore its credited.

Journal entry

Cash A/c Dr 45000

To Capital A/c 45000

(being started business with cash )

Hope its useful..!!

Answer 2

Answer:

expendance cash

Explanation:

Capitol account