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Question Practice

What is the opening entry for a business with bank balance of $5,000?

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

What is the opening entry for ...

Single Answer MCQ
Q-00053553

What is the opening entry for a business with bank balance of $5,000?

1

Bank A/c Dr. 5,000

2

Cash A/c Cr. 5,000

3

Capital A/c Dr. 5,000

4

Debtors A/c Cr. 5,000

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