Question

Traditional approach
Rajasaheb started business with cash - 85,000
Two Accounts involved
Type of a/c (real/ personal/
nominal)
Rules applied
Finally which account is debited
And which account is credited.​

Answer 1

Answer:

Cash account is debited

capital account is credited

cash account. - real account

Rule - debit what comes in credit what goes out

capital account - personal account

Rule - debit the receiver credit the giver