The accounting entries for recording 100,000 cash introduced by the owner of a business are: (a) Debit

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The accounting entries for recording £100,000 cash introduced by the owner of a business are:

(a) Debit Cash account and credit Investments account

(b) Credit Cash account and debit Investment in business account

(d) Debit Cash account and credit Capital account

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 26, 2023 07:27 AM

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The accounting entries for recording 100,000 cash introduced by the owner of a business are: (a) Debit

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d Debit C...View the full answer

Financial Accounting An Introduction

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