Accountancy, asked by anuragmehar111, 5 months ago

started business with cash

Answers

Answered by akashkumar2615

0

Answer:

Cash A/c needs to be Debited and Capital Account needs to be credited. As Business has received Cash which is an Asset for the Organisation and it needs to Credit the Capital Account as it the liability for business to return the amount invested by the promoter. Cash Account - Dr. Capital Account - Cr.

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