When the Owner of a Business Invests Cash into the Business

question 73

Multiple Choice

When the owner of a business invests cash into the business, which of the following accounts is debited?

• A) Cash
• B) Common Shares
• C) Accounts Receivable
• D) Dividends

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Definitions:

Welding Symbol

Symbols used on blueprints and technical drawings to indicate the type, size, and length of welds used in the fabrication of metal parts.

Reference Line

A line on a drawing that serves as a basis or guide, commonly used to reference dimensions or to anchor annotation symbols such as those for welding.

Leg

A supporting structure or component of an object, typically extending downwards to provide stability or support.

Root Opening

The gap between the parts being joined before welding.