Ajeet started business with cash ₹20,000 with rules.. answer this fast don't write anything else just answer it if u know......
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Ajeet started business with cash ₹20,000 with rules.. answer this fast don't write anything else just answer it if u know......
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Answer:
Cash a/c. Dr ₹20,000
To Capital a/c. ₹20,000
(Being business started with cash)
Explanation:
Real a/c - Debit what comes in. Here cash is coming into the business and its a real account and asset so it is debited.
Personal a/c - Credit the giver. Here Ajeet is investing cash in business that means he is giving cash to business. If proprietor brings something in business its called capital. Capital is a Liability and personal a/c so capital a/c is credited.
Answer:
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