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.




  • 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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