Mr and Mrs Dawes formed Dawes Pty Ltd,each investing $1000 as capital.Dawes Pty Ltd should record these transactions as:
A. DR Share capital $\quad $ CR Cash

B. DR Cash $\quad $ CR Share capital

C. DR Cash $\quad $ CR Loan

D. DR Investment $\quad $ CR Capital

Question

Mr and Mrs Dawes formed Dawes Pty Ltd,each investing $1000 as capital.Dawes Pty Ltd should record these transactions as:
A. DR Share capital  $\quad $ CR Cash
 
B. DR Cash  $\quad $ CR Share capital

C. DR Cash  $\quad $ CR Loan

D. DR Investment  $\quad $ CR Capital

Quizplus · Accepted Answer

The Answer of Mr and Mrs Dawes formed Dawes Pty Ltd,each investing $1000 as capital.Dawes Pty Ltd should record these transactions as:
A. DR Share capital  $\quad $ CR Cash
 
B. DR Cash  $\quad $ CR Share capital

C. DR Cash  $\quad $ CR Loan

D. DR Investment  $\quad $ CR Capital

Mr and Mrs Dawes Formed Dawes Pty Ltd,each Investing $1000 \quad

Mr and Mrs Dawes Formed Dawes Pty Ltd,each Investing $1000 $\quad$