Siaram started business with cash 50000
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Answer:
Journal entry
Cash A/c Dr 50,000
To capital A/c 50,000
(being started business with cash )
Explanation:
Cash - real account, cash comes in ,therefore its debited
capital A/c - personal account , siaram is giver of cash to company therefore its credited
Answered by
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your journal entry will be:
cash a/c. Dr. 50000
to capital a/c. 50000
(Being business started with cash)
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