100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Summary QuestionWhen an owner invests cash in the business, which accounts are used in this tra $7.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Ashford University
  4.  
  5. ACC 205

Summary

Summary QuestionWhen an owner invests cash in the business, which accounts are used in this tra
 2 views  0 purchase

When an owner invests cash in the businessQuestionWhen an owner invests cash in the business, which accounts are used in this transaction? Question 1Select one: a. Increasing Cash; increasing Owner's Capital b. Increasing Cash; increasing Owner's Withdrawals c. Increasing Service Revenue; dec...

[Show more]

Preview 1 out of 2  pages

Document information

  • October 13, 2024
  • 2
  • 2024/2025
  • Summary

Subjects

  • it in
  • when an owner invests cash in the businessïquest
  • which accounts are used in this transaction ques
  • it affects two accounts1cash accountothis acco
  • this account increases because there is more cash

Written for

All documents for this subject (71)

Seller

avatar-seller
newage

Reviews received

Content preview

Question


When an owner invests cash in the business, which accounts are used in this

transaction? Question 1Select one: a. Increasing Cash; increasing Owner's

Capital b. Increasing Cash; increasing Owner's Withdrawals c. Increasing

Service Revenue; decreasing Net Worth d. Increasing Cash; increasing Service

Revenue




Answer & Explanation


The correct answer is: a. Increasing Cash; increasing Owner's Capital


Explanation:


When an owner invests cash in the business, it affects two accounts:


1. Cash Account:


o This account represents the amount of cash the business has on

hand.


o When the owner invests cash into the business, this account

increases because there is more cash available to use.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

56326 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
Add to cart
Added