started business with cash journal entry
Answers
Answered by
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.
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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
12
Answer:
CASH A/C DR
TO CAPITAL A/C
Explanation:
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