Question

1. The amount brought in by owner of the business
should be credited to?
(a) Owner Equity
(b) Drawing
c) Cash
d) All of above

Answer 1

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→ The amount brought in by owner of the business should be credited to?

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$\tt \pink{→ Option \: [C]}$

→ Separate entity concept defines that the business and its owner are treated two separate legal entities. Owner is considered as a creditor in the books of accounts of business. Amount contributed by the owner is a liability, and it is to be credited to capital account.

→ The accounting entry will be as under: Cash A/c

Answer 2

Cash (option C )
Hope this helps you