Osa started business with Le 40,000 cash. The accounting ...
Osa started business with Le 40,000 cash. The accounting entry is debit
Cash account; credit capital account
Capital account; credit cash account
Purchases account; credit cash account
Expenses account; credit capital account
Correct answer is B
Debit capital account (i.e the money used in starting a business) and credit cash
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
Mayana Corporation uses special journals to record its transactions. If one of Mayana's customer...
The principal book of account where accounts are classified and summarized is ...
Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...
Use the following to answer the given question DEBTORS CONTROL ACCOUNT: \(\begin{array}{c|c} &...
The concept that recognizes revenue at the time of sale and not only when cash is received is ...
The subscription paid in advance is treated in the balance sheet of a club as? ...