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Traditional approach Rajasaheb started business with cash - 85,000Two Accounts involvedType of a/c (real/ personal/nominal)Rules appliedFinally which account is debitedAnd which account is credited. |
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Answer» Cash account is debited capital account is CREDITED cash account. - real account RULE - DEBIT what comes in CREDIT what goes out capital account - personal account Rule - debit the receiver credit the GIVER |
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