cash in hand , what is the journal entry?
Dear Student,
Cash in an asset and is recorded in the Balance Sheet. However, when cash is brought in to the business, capital gets increased.
Therefore Journal Entry for cash-in-hand is
Cash A/c Dr.
To Capital A/c
Regards,
Cash in an asset and is recorded in the Balance Sheet. However, when cash is brought in to the business, capital gets increased.
Therefore Journal Entry for cash-in-hand is
Cash A/c Dr.
To Capital A/c
Regards,