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A sole trader introduces a filing cabinet of RM1,600 that is her own into the business for businessuse. What is the double entry for this
A sole trader introduces a filing cabinet of RM1,600 that is her own into the business for businessuse. What is the double entry for this transaction?
- A.
- Debit Purchases and Credit Bank for RM1,600
- B.
- Debit Filing Cabinet and Credit Capital for RM1,000
- C.
- Debit Purchases and Credit Cash for RM1,000
- D.
- Debit Filing Cabinet and Credit Capital for RM1,600
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
