A company receives Rs 5000 of cash as an additional investment in the company by its owner, Mr. Mahesh. The company's _ account is debited and _ account is credited.

Mahesh & Cash respectively

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Cash & Capital respectively

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Cash & Mahesh respectively

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None of the above

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Solution

The correct option is B
Cash & Capital respectively

Cash is debited as cash is received and owner's capital account should be credited.

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A company receives Rs 5000 of cash as an additional investment in the company by its owner, Mr. Mahesh. The company's ___ account is debited and ___ account is credited.

The correct option is B Cash & Capital respectively Cash is debited as cash is received and owner's capital account should be credited.

A company receives Rs 5000 of cash as an additional investment in the company by its owner, Mr. Mahesh. The company's _ account is debited and _ account is credited.

The correct option is B
Cash & Capital respectively

Cash is debited as cash is received and owner's capital account should be credited.