3. The amount brought in to the
business by the proprietor should be credited to
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Answer:
The money brought into the business by the owner is called Capital or Owner’s Equity. It is credited to the capital account. The Capital can be brought in cash or assets by the owner. Capital is an obligation of the business that has to be paid back to the owner.
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Answer:
The amount brought in by the proprietor in the business should be credited to Capital A/ c .
Explanation:
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