Multiple Choice Questions on troduction capital by owner of business is recorded on which side of a cash book ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

troduction capital by owner of business is recorded on which side of a cash book ........

General Accounting Principles Accounting cycles
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    troduction capital by owner of business is recorded on which side of a cash book

    Receipts

    Correct Answer

    Payments

    Incorrect Answer

    Incomes

    Incorrect Answer

    Expenditure

    Incorrect Answer
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    Explanation:
    1. All transactions in the cash book have two sides:  DEBIT and CEDIT SIDE.
    2.  All cash receipts are recorded on the left-hand side as a debit, and all cash payments are recorded by date on the right-hand side as a credit.
    3. So, Introduction of capital by owner of business is recorded on Receipts side of a cash book.

    By: SWAPNIL AGGARWAL
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