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 Ak Form Dr 250 2007

2007-2023 Form

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Know analyze the entry we debit the cash a/c because cash is the part of rEval a/c, and we know invested 50,000/- in business so apply the rule debit WhatsApp;#39’s comes in cash come in business, so it must be debited and what about the capital, here business owner in ram, or he came in personal account ram bring 50000/- in business according to the rule of personal a/c credit the giver but we credited capital instead of ram a/c. Friends, business owner name never comes in transactions, here capital a/c itself represent ramp;#39’s account. One more thing you have to remember that always separate business and businessman, do not mix both of them, commerce have a rule known as rule of entity using this rule we make sure that both are separate entities, and we maintain accounts of business not accounts of ram one more thing every transaction have duel effect with same amount hence one account debited and another account credited with same amount account with debit side represented by

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