nadimansary289
Answered

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started business with cash rs 30000 and bank balance rs 50000​

Sagot :

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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