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If mohsin started business with cash than what will debited?

Accounting Journal Entries
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Question added by Saba Rasheed
Date Posted: 2017/11/30
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Maria Christina Benipayo
by Maria Christina Benipayo , Accounting Staff , Diliman Doctors Hospital, Inc.

If Mohsin started busines with cash, entry on books will be Debit - Asset, which is cash (bank account) then Credit Equity - Capital.

Moustafa Abd El Moniem
by Moustafa Abd El Moniem , Tax consultant /Account Manager , Al Bayouk Chartered Accountants(License number 7) البيوك محاسبون قانونيون

If mohsin started business with cash ,  bank account will be debited and capital will be credited

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