The owner introduces his personal car into business. Which of the following is true?

Assets - Increase
Liabilities - No effect
Capital - Increase

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Assets - Decrease
Liabilities - Increase
Capital - No effect

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Assets - No effect
Liabilities - Increase
Capital - Increase

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Assets - Decrease
Liabilities - No effect
Capital - Decrease

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Solution

The correct option is A
Assets - Increase
Liabilities - No effect
Capital - Increase

At one hand, the assets of the business (car) shall increase along with an equal increase in capital.

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The owner introduces his personal car into business. Which of the following is true?

The correct option is A Assets - Increase Liabilities - No effect Capital - Increase At one hand, the assets of the business (car) shall increase along with an equal increase in capital.

The correct option is A
Assets - Increase
Liabilities - No effect
Capital - Increase

At one hand, the assets of the business (car) shall increase along with an equal increase in capital.