Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 39 - No. 27)
Which of the following will result in a credit entry?
The owner invests money in the business.
The company borrows money from the bank.
The company pays rent.
The company sells goods on credit.
Explanation
Investment increase owner's equity, borrowing increases liabilities, and selling goods on credit increases revenue - all credit transactions.
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