What is debited if mohsin commenced business with cash?

Question added by keerti patil
Date Posted: 2015/07/05

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by Brenda Sango , (1) Teller and loans officer Homelink , Homelink Pvt ltd

The rule is debit the receiver and credit the giver, therefore in this case capital account is the giver and cash account is the receiver. According to the general rule we debit the cash account

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