Accountancy, asked by shaheedamahamood, 10 months ago

started businesses with cash journal entry​

Answers

Answered by vikingsk215
2

Answer:

Cash A/c needs to be Debited and Capital Account needs to be credited.

Explanation:

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.

Answered by vdeepesh432
1

Answer:

cash A/c debit

To capital A/c

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