If Capital has been credited,it is likely that:
A)services were provided to a cash customer.
B)services were provided to a charge customer.
C)the owner made an investment.
D)a payment was made on account.

Question

Quizplus · Accepted Answer

When capital is credited, it means that money has been added to the owner's equity account. This can happen when the owner makes an investment into the business, which increases the amount of capital the business has available. Options A, B, and D relate to services provided or payments made, but do not necessarily involve an increase in the owner's equity account.

If Capital Has Been Credited,it Is Likely That