Double entry book keeping
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What is the double entry rules for Asset?
Asset increase debit and Asset decrease credit
Find the two accounts involved in the given transaction. Paid cash $ 500 to a credit supplier Mr. Been
Mr. Been a/c Debit Cash a/c Credit
Ajay began business. He opened a business bank account and invested $ 80 000 as capital. Which account is debited and which is credited?
Bank a/c Debited Capital a/c Credited
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