Osa started business with Le 40,000 cash. The accounting ...
Osa started business with Le 40,000 cash. The accounting entry is debit
Cash account; credit capital account
Capital account; credit cash account
Purchases account; credit cash account
Expenses account; credit capital account
Correct answer is B
Debit capital account (i.e the money used in starting a business) and credit cash
Which of the following is the reason why a seller allows a customer cash discount? ...
If a sole proprietorship is purchased for cash, then? ...
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Cost of goods sold is calculated as................... ...
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Which of the following concepts recognizes the principle of double entry? ...