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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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Question ajoutée par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group
Date de publication: 2015/06/20
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Zehab Osman
par Zehab Osman , Accountant , Aldar Consultancy Co.

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

Shazia Anees
par Shazia Anees , Assistant Manager Finance , Arham Trading Company

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

Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

Mehboob Ali Laghari
par 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
par 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
par 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

Utilisateur supprimé
par Utilisateur supprimé

you credit capital account and debit cash in the balance sheet

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

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

OMAR ABBAS ABDULLAH ALBORI
par OMAR ABBAS ABDULLAH ALBORI , executive assistant

From the fund account to Mr. A's account

Prakash Thapa
par 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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