Accountancy, asked by badshah8527, 8 months ago

Why is additional capital introduced in the business?

Answers

Answered by tapatidolai

Answer:

While introducing capital, the firm receives cash and an increase in asset is debited, therefore cash is debited. Capital being liability of the firm is increased and an increase in liability is always credited, therefore capital is credited.

Answered by Adithya8055

Explanation:

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