Sandra Invests $40,000 in Her New Business by Depositing the Cash

question 96

Multiple Choice

Sandra invests $40,000 in her new business by depositing the cash in the business's bank account. Which of the following accounts will be credited?

• A)Accounts Receivable
• B)Cash
• C)Sandra, Capital
• D)Accounts Payable

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Definitions:

Nitrification

A microbial process by which ammonia is converted into nitrate, an important step in the nitrogen cycle.

Ammonium

A positively charged ion (NH4+) formed by the addition of a hydrogen ion to ammonia (NH3).

Nitrates

Salts or esters of nitric acid, containing the NO3- ion, commonly used in fertilizers.

Nitrogenous Compounds

Organic or inorganic compounds containing nitrogen in various chemical forms, important in many biological processes and industrial applications.