Accountancy, asked by divyansh48893, 7 months ago

what is the journal entry for cash in hand

Answers

Answered by junaidh47

Answer:

There would be no definite entry for cash in hand. As per the main rules of accounting, every transaction should have a double effect. If we are talking only about cash in hand, there would be no definite journal entry for the same. Cash in hand is an asset and the most liquid asset.

Explanation:

i think it may help you

Answered by mahiqueen55

Explanation:

cash in an asset and is recorded in the balanced sheet and when cash is brought in to the business , capital get increased !!

Previous Question

Next Question

Similar questions

Chemistry, 3 months ago

What is Electrochemical cell? Write the constraction of Daniell cell with diagram and Net cell reaction.

Physics, 3 months ago

A 25 N box is pulled across a rough surface by an applied force of 22 N. The coefficient of kinetic friction between the box and the surface is 0.3. Find the acceleration of the box. Use g = 10 m/s^2. (A) 2.9 m/s^2 (B) 4.8 m/s^2 (C) 5.8 m/s^2 (D) 8.8 m/s^2...