Introduction capital by owner of business is recorded on which side of a cash book? A. Receipts B. Payments C. Incomes D. Expenditures
Question
Introduction capital by owner of business is recorded on which side of a cash book? A. Receipts B. Payments C. Incomes D. Expenditures
Solution
The introduction of capital by the owner of a business is recorded on the Receipts side of a cash book. So, the answer is A. Receipts. This is because when the owner introduces capital, it increases the business's cash balance, which is recorded on the Receipts or debit side of the cash book.
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