Arvind Is Setting Up His Own Business

question 38

Multiple Choice

Arvind is setting up his own business. He opens a business bank account and pays in £25,000 of his own money with which to finance the early months of trading. Which one of the following is the correct double entry to record this transaction in Arvind's books of account?

• A) Debit bank £25,000, Credit income £25,000
• B) Debit bank £25,000, Credit capital £25,000
• C) Debit bank £25,000, Credit liabilities £25,000
• D) Debit capital £25,000, Credit bank £25,000

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Understand the process and importance of responding to feedback and criticism in digital communities.

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Identify the physical and optical properties of the eye that contribute to vision.

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Definitions:

Proficient

Having a high degree of skill or competence in a particular activity or field.

Material

Material refers to the physical elements or resources used in the production of goods and services.

Learn

The process of acquiring knowledge, understanding, or skills through study, experience, or teaching.

Modelling

The process of creating representations of real-world processes, systems, or behaviors, often through mathematics, physical replicas, or computer simulations, to study and predict outcomes.