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Questions and Answers
If a partner introduces capital, which account should not be debited?
If a partner introduces capital, which account should not be debited?
- Cash account (correct)
- Equity account
- Current account
- Capital account
When capital is introduced by the partner, which account should be debited?
When capital is introduced by the partner, which account should be debited?
- Equity account
- Capital account (correct)
- Current account
- Cash account
Where should the partner's introduced capital be recorded?
Where should the partner's introduced capital be recorded?
- Current account
- Equity account
- Cash account
- Capital account (correct)
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