A

Admin • 833.24K Points
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Q. A transaction that increases both cash and capital is:

  • (A) Rent paid
  • (B) Goods purchased
  • (C) Owner invested cash
  • (D) Wages paid
  • Correct Answer - Option(C)
  • Views: 16
  • Filed under category Accounting
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Explanation by: Admin

When the owner invests cash in the business, both cash and capital increase.

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