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Question Practice

In an opening entry, why is the Capital A/c credited?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Accountancy - II
Financial Statements - I
Question Bank

In an opening entry, why is th...

Single Answer MCQ
Q-00053552

In an opening entry, why is the Capital A/c credited?

1

To decrease owner’s equity

2

To reflect past profits

3

To balance the entry

4

To acknowledge debts

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