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#1 2018-08-07 03:39:31

Ibraheem
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Financial Accounting Quiz MCQs Quiz Question.

Accounting Quizzes Financial Accounting Exam MCQs

Question:
The owner of a business starts up using $5000 of her own money. The entry of this transaction is best shown as:

Option A):
A debit to an asset account and a credit to an expense account.
Option B):
A credit to a purchase account and a debit to a sales account.
Option C):
A credit to a capital account and a debit to an asset account
Option D):
A debit to a liability account and a credit to an asset account.

Correct Answer is Option C):
A credit to a capital account and a debit to an asset account

2018-08-07 03:39:31

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Re: Financial Accounting Quiz MCQs Quiz Question.



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