Home For AAT student members AQ 2013 AAT Level 2 (Level 5 in Scotland)
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Need help with a question

A business is opened by the owner depositing £50,000 at the bank. In the accounting records what is the dual of this?

I'm not sure on how to answer that question.

Any help would be great.

Thanks,

Gareth

Comments

  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderModerator, MAAT, AAT Licensed Accountant Posts: 1,432
    Hi Gareth
    The entries are
    Dr Bank 50,000
    Cr capital introduced 50,000

  • gareth1985gareth1985 Registered Posts: 24
    Hi Marie,

    that's awesome, thanks a lot for the help.
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