Accountancy, asked by awaser024, 3 months ago

started business with cash journal entry​

Answers

Answered by SHIVAMRAIKWAR
3

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.

...

1. According to the golden rules of accounting:

Cash a/c Debit Debit what comes in

To Capital a/c Credit Credit the giver

Answered by SHEIKHMOHAMMADKAIF
12

Answer:

CASH A/C DR

TO CAPITAL A/C

Explanation:

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