owner invest in cash rs 10000. journal entry
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Answer:
Cash (Bank)Account Dr. 1000
To capital Account Cr. 1000
Explanation:
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.
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Cash a/c dr.
To captal a/c
To captal a/c
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