Introduction capital by owner of business is recorded on which side of a cash book? A. Receipts B. Payments C. Incomes D. Expenditures
Question
Solution 1
The introduction of capital by the owner of a business is recorded on the Receipts side of a cash book. So, the answer is A. Receipts. This is because when the owner introduces capital, it increases the business's cash balance, which is recorded on the Receipts or debit side of the cash book. Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem. Knowee
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