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Which of the following account will be credited, If Mr. “A” started business with cash Rs. 2, 00,000?

A)  Capital accountB)  Cash accountC)  Mr. A’s accountD)  Business account

Accounting Auditing Financial Reporting Financial Accounting Bookkeeping
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تم إضافة السؤال من قبل Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
تاريخ النشر: 2015/06/20
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Zehab Osman
من قبل Zehab Osman , Accountant , Aldar Consultancy Co.

A---------------------------------------------------------------

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

Option A=============================

Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

Mehboob Ali Laghari
من قبل Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union

The total amount Mr "A" invests should go into Assets (Cash Account) first and latter on called Capital all together. 

lakshminarasimham mallareddi
من قبل lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is C . Mr. 'A's account will be credited with Rs.2,00,000/-

Javed Ayub Mullaji
من قبل Javed Ayub Mullaji , Project Accountant , Aslaa General Trading & Contracting Co

A capital account. As Mr. A invested Rs.200000.00 as initial investment in business. Dr........bank Cr........capital

مستخدم محذوف‎
من قبل مستخدم محذوف‎

you credit capital account and debit cash in the balance sheet

Abbas Bharmal CA Inter M com Looking for New
من قبل Abbas Bharmal CA Inter M com Looking for New , Senior Accountant , Msheireb Properties

Answer A... capital account............................................................

OMAR ABBAS ABDULLAH ALBORI
من قبل OMAR ABBAS ABDULLAH ALBORI , executive assistant

From the fund account to Mr. A's account

Prakash Thapa
من قبل Prakash Thapa , junior assistant , Sunrise Bank

A) Capital account

Here Mr. A commenced business with cash Rs.200000. Journal entries for this transaction would be..

Cash a/c .....Dr            200000

To capital a/c                              200000

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