The accounting entries for recording Rs.10,00,000 cash introduced by the owner of a business is ______________.

Debit Cash account and Credit Capital account

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Debit Cash account and Credit Investment account

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Credit Cash account and Debit Investment in business account

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Credit Cash account and Debit Owner's account

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Solution

The correct option is C Debit Cash account and Credit Capital account
As cash is increasing therefore, cash account will be debited and capital will be credited.

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The accounting entries for recording Rs.10,00,000 cash introduced by the owner of a business is ______________.

The correct option is C Debit Cash account and Credit Capital accountAs cash is increasing therefore, cash account will be debited and capital will be credited.

The correct option is C Debit Cash account and Credit Capital account
As cash is increasing therefore, cash account will be debited and capital will be credited.