Question

The two accounts of “commenced business with cash are”............. and............., Fill in the blank.

Answer 1

hi mates your answer is Cash account and Capital account.
please mark as brainlist

Answer 2

"Cash account and Capital account  in accounting, capital refers to the stake of owners in the business.  On the other hand, Cash is shown on the asset side as it is an asset for the business.

If you use cash to purchase current assets, your capital will not increase. It will increase the respective current assets in the balance sheet.

But if you bring cash in the business, for you it is cash which has gone out from your pocket/bank but for the business it is capital which has increased."