Question

Sudhir commerce business with cash Rs.40,000

Answer 1

Answer:

Cash A/c . ....Dr. 40,000

To Sudhir's Capital A/c. 40,000

Explanation:

CASH is real account

RULE FOR REAL A/C

'debit what comes in

credit what goes out'

(since the cash came into business bcoz of sudhir's investment so the Cash account is debited)

CAPITAL is personal Account

RULE FOR PERSONAL A/C

'debit the receiver

credit the giver '

(since Sudhir is giver so we credited his capital account )

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