Which of the Following Entries Records the Investment of Cash

question 192

Multiple Choice

Which of the following entries records the investment of cash by Taylor Thomas, owner of a proprietorship?

• A) debit Taylor Thomas, Capital; credit Accounts Receivable
• B) debit Cash; credit Taylor Thomas, Capital
• C) debit Taylor Thomas, Drawing; credit Cash
• D) debit Cash; credit Taylor Thomas, Drawing

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Definitions:

Cooperative Group

A team or group that works collectively towards common goals or objectives, often emphasizing mutual help and collaboration.

Motivating Employees

Strategies and practices aimed at encouraging employees to perform their best through incentives, recognition, and support.

Western Society

Refers to the societies found in Western Europe, North America, and other places influenced by their cultural, legal, and ethical systems.

Permanent-Irreducible

Permanent-irreducible refers to a condition or state that cannot be simplified, reduced, or removed, often implying a fundamental or essential characteristic.