Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 11 - No. 34)
For the transaction 'The transaction capital was received', how does it impact the accounting equation?
Impact 1: capital increased; Impact 2: cash in bank increased
Impact 1: capital decreased; Impact 2: cash in bank decreased
Impact 1: capital decreased; Impact 2: cash in bank increased
Impact 1: capital increased; Impact 2: cash in bank decreased
Explanation
Impact 1: capital increased; Impact 2: cash in bank increased.
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