July 1 - Started business with #10,500
July 31- Paid Agromachinex #6,000 owing
them
The double entry for July 1 would be
a
debit capital and credit cash
b
credit cash and debit bank
c
debit cash and credit capital
d
debit purchases and credit cash
Explanation
Correct Option
dVideo Explanation
No video available
Post your Contribution
Share:
Discussions (5)
aloof2
2 months ago
the correct answer is c. the accounts involved are cash and capital not purchases and cash
