received rs10000 as loan from mr rajendra by accounting equation
Answers
Answered by
1
Answer:
Cash/ Bank A/c Dr 10000
To Loan from Rajendra A/c 10000
Explanation:
Debit what comes in - As Cash is coming to the business we debit cash
Credit the Giver - as Rajendra is the lender we are crediting the giver.
Similar questions