Which of the Following Entries Records the Investment of Cash

question 36

Multiple Choice

Which of the following entries records the investment of cash by Sam, owner of a sole proprietorship?

• A) Debit John, Capital; credit Cash
• B) Debit Cash; credit Revenue
• C) Debit Sam, Withdrawals; credit Revenue
• D) Debit Cash; credit Sam, Capital

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Definitions:

Tastefully Use

To employ or apply something in a manner that is aesthetically pleasing, respectful, or appropriate for the context.

Basic Income

A socioeconomic policy of providing all citizens with a regular, unconditional sum of money, regardless of employment status or other income.

Large Inequalities

Substantial discrepancies in income, wealth, access to resources, and quality of life among different populations or groups within a society.

National Prosperity

The overall economic health and wealth of a nation, typically measured by GDP, job growth, and other economic indicators, reflecting the standard of living and quality of life of its population.