Business Studies, asked by umer319320, 4 days ago

started business with cash 8000

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Answered by Maheerameeran

Answer:

Journal entry for started business with cash

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.

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started business with cash 8000​

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started business with cash 8000