Question

cash balance take over by a LTD. Company is debited to
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Answer 1

Answer:

Explanation:

Cash balance take over by a LTD. Company is debited to  its shares accounts.

In a limited company, the liability of members or shareholders of the company is limited to the capital that they have invested. A limited company also does not have too many shares in market. But when the cash comes in

Answer 2

Answer:

Capital Account

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