The balance in the Capital account represents: (a) The total of all assets of the business (b)
Question:
The balance in the Capital account represents:
(a) The total of all assets of the business
(b) Cash and any other assets introduced by the owner at commencement of business
(c) The amount of cash introduced by the owner at the commencement of business
(d) Total assets of the business minus its liabilities at any point of time
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d Total assets ...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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