The Capital Account of a Sole Trader Was Credited with $5000

question 4

Multiple Choice

The capital account of a sole trader was credited with $5000. Which of these items would not give rise to such a credit?

• A) The business earned a profit of $5000.
• B) The owner brought in a private car valued at $5000 for business use.
• C) The owner introduced $5000 new capital.
• D) The owner paid an outstanding private gambling debt of $5000 from the business bank account.

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Definitions:

Bar Charts

A graphical display used to represent data with vertical or horizontal bars where each bar's length or height is proportional to the values it represents.

Data Visualization

The representation of data or information in graphical or pictorial format to make it easier to understand and analyze.

Conventional Charts

Traditional graphical representations of data, such as bar graphs, line charts, and pie charts, used to visualize information.

Line Charts

A type of chart that displays information as a series of data points connected by straight line segments, commonly used to visualize trends over time.