An example of increase in assets and increase in owner's capital is __________.

Goods purchased for cash

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Goods purchased on credit

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Goods brought in by owner

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Capital introduced by owner

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Solution

The correct option is D Capital introduced by owner
When capital is introduced by the owner than cash will increase as well as capital will also increase.

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Similar questions

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(iv) Decrease in assets and capital.

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Q. What entry (debit or credit) would you make to (a) increase revenue, (b) decrease in expense, (c) record drawings, (d) record the fresh capital introduced by the owner.

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Q. If an owner introduces money in the business, it assets and capital.

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An example of increase in assets and increase in owner's capital is __________.

The correct option is D Capital introduced by ownerWhen capital is introduced by the owner than cash will increase as well as capital will also increase.

The correct option is D Capital introduced by owner
When capital is introduced by the owner than cash will increase as well as capital will also increase.