Question

Started business with cash 15000

Answer 1

Answer:

debit

Explanation:

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.

Answer 2

question:

Started business with cash 15000 and furniture 5000

Answer: 15,000

CASH

A/C

D.R

TO CAPITAL A/C

15,000

C.R

(COMMENCED BUSINESS WITH

CASH)

Answer:

Answer:furniture AC debit

Cash AC debit

To capital cr

Explanation:

Cash A/c Dr.

Furniture A/c dr.

15000

5000

To capital A/c

20000

TOTAL = 20000

step-by-step explanation:

solution: debit

The cash a/c is debited as it is an asset for the business and the capital a/c is credited as it is a liability for the business according to the business entity concept.