Accountancy, asked by diptijaveri9005, 11 days ago

Ram mohan started business with case

Answers

Answered by Anonymous
13

Answer:

Given Transactions :-

  • Ram Mohan started business with cash.

To Find :-

  • Journalise the following transactions.

Solution :-

Transactions :

Ram Mohan started business with cash.

Here, the two accounts will be Cash A/c and Capital A/c.

Cash A/c - Real A/c - What comes in - Dr.

Capital A/c - Personal A/c - Giver - Cr.

➲ Cash A/c . . . . . . . . . Dr.

➲ To Capital A/c

Narration :-

(Being business started by Ram Mohan with cash)

EXTRA INFORMATION :-

Golden Rules :

Personal Accounts :-

Debit - Receiver

Credit - Giver

Real Accounts :-

Debit - What comes in

Credit - What goes out

Nominal Accounts :-

Debit - Expenses, Loss

Credit - Income, Gain

Valuation Accounts :-

Debit - When account to be decreased

Credit - When account to be increased

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