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Question
The amount brought into the business by the proprietor should be credited to __________.
Options
Cash account
Drawings account
Capital account
Suspense account
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Solution
The amount brought into the business by the proprietor should be credited to Capital account.
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| 1. Capital A/c | ||
| 2. Goodwill | ||
| 3. Bank Overdraft | ||
| 4. Bills Receivable | ||
| 5. Creditors | ||
| 6. Drawings | ||
| 7. Advertisement | ||
| 8. Prepaid Rent | ||
| 9. Outstanding Salary | ||
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