Accounting cycles

General Accounting Principles

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Indian Economy - Understanding the basics of Indian economic system

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troduction capital by owner of business is recorded on which side of a cash book

Receipts

Payments

Incomes

Expenditure

Explanation:

All transactions in the cash book have two sides: DEBIT and CEDIT SIDE.
All cash receipts are recorded on the left-hand side as a debit, and all cash payments are recorded by date on the right-hand side as a credit.
So, Introduction of capital by owner of business is recorded on Receipts side of a cash book.

By: SWAPNIL AGGARWAL

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