Introduced capital in cash
Answers
Answered by
44
Answer:
Cash was deposited into the business bank account with the introduction of capital. The 1,000 capital represents your investment in the business and indicates ownership and an entitlement to a share of the profits. The capital introduced, together with retained earnings, forms the owners equity of the business.
Answered by
7
Answer:
Cash was deposit in the business bank account with the introduction of the capital.
Similar questions