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Banking Transactions

The amount br...

Question

The amount brought in by owner of the business should be credited to?

A

Owner`s Funds

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B

Drawings

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C

Cash

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D

Bank

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Solution

The correct option is A
Owner`s Funds

The amount brought in by owner of the business should be credited to owner's funds.

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Similar questions

Q. The amount brought in by the proprietor in the business should be credited to _____________.

Q. Amount brought in by proprietor should be credited to ______ account.

Q. Select the most appropriate alternative from the alternatives given below and rewrite the statement.

The amount brought in by the proprietor in the business should be credited to
a) Salary A/c
b) Mandar’s A/c
c) Cash A/c
d) Capital A/c

Amount invested by the owner in the business is called as _______.

Q. A withdrawal of goods from business by the proprietor should be credited to _______________.

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