Question

to which account the following transcations will be debited and credited in the books of ganesh?describe with reason.
1)rupees 75,000 bought in cash and commenced business.
2)incurred puja expenses of rupees 2000
plz if u have a text book say all answers of 20 questions​

Answer 1

Answer:

1 cash a/c debit and capital a/c credit because cash and capital both increase.

2 drawing a/c debit and cash a/c credit because it is treated as drawing.