nadimansary289 nadimansary289

02-03-2021
Business

contestada

started business with cash rs 30000 and bank balance rs 50000

Respuesta :

andromache andromache

07-03-2021

Answer and Explanation:

The journal entry is shown below:

Cash Dr 30,000

Bank Dr 50,000

To Capital 80,000

(Being cash and bank brought into the business)

Here the cash and bank is debited as it increased the assets and credited the capital as it also increased the equity

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