When cash is brought into the business as capital, which account is debited?

Bank account

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Cash account

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Capital account

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Customer account

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Solution

The correct option is B
Cash account

As cash has been brought into business, cash which is an asset increases. Hence cash account will be debited.

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When cash is brought into the business as capital, which account is debited?

The correct option is B Cash account As cash has been brought into business, cash which is an asset increases. Hence cash account will be debited.

The correct option is B
Cash account

As cash has been brought into business, cash which is an asset increases. Hence cash account will be debited.