menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 46: Amalgamation, Llp, and Single Entry System
  5. Question
    Opening Capital Is Obtained by Preparing
Solved

Opening Capital Is Obtained by Preparing

Question 14

Question 14

Multiple Choice

Opening capital is obtained by preparing:


A) Debtors account
B) Creditors account
C) Opening statement of affairs
D) Cash account

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: If opening capital is Rs.10,000 & closing

Q10: Prepaid expenses are shown under<br>A)Loans and advances

Q11: _is a person who is designated as

Q12: In single entry system profit is calculated

Q13: Amalgamation adjustment reserve is opened in the

Q15: Statements of assets & liabilities prepared under

Q16: If two or more company come together

Q17: In Single entry mostly:<br>A)Personal aspects of transaction

Q18: In single entry two-fold aspect of transaction

Q19: The amount of credit purchases can be

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines