CBSE Class 11-commerce Answered
business started with cash
Asked by surendranimmagadda486 | 20 Jul, 2019, 07:10: PM
Expert Answer
The transaction mentioned will introduce Capital in the business. Therefore, impact of the transaction will introduce Capital and increase cash balance, i.e., increase on Liabilities and Capital side on account of capital being introduced and increase on the asset side on account of increase in cash balance.
Answered by Surabhi Gawade | 21 Jul, 2019, 08:53: AM
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