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State different kinds of transactions th...

State different kinds of transactions that increase and decrease capital.

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Capital increases by net profit and fresh capital introduced, decreases by drawings and net loss
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Knowledge Check

  • There are four different kinds of reading

    A
    pleasure, information, details, skimming
    B
    searching, discovering scanning, extensive
    C
    skimming, scanning, extensive and intensive
    D
    skimming, scanning, discovery, searching

  • The categories of transactions that are included in the capital account of the Balance of Payments are

    A
    Investments from and to abroad
    B
    Borrowings and lendings from and to abroad
    C
    Changes in foreign exchange reserves
    D
    All the above

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    Give an example for each of the following types of transactions: 1. Increase in one asset, decrease in another asset 2 Inerease in asset, increase in liability. 3.Inerease in asset, increase in owner's capital 4 Decrease in asset, decrease in liability 5. Decrease in asset, decrease in owner's capital. 6 Decrease in liabilities, increase in owner's capital. 7 Increase in one liability, decrease in another liability 8. Increase in liabilities, decrease in owner's capital

    Give an example for each of the following types of transactions: 1. Increase in one asset, decrease in another asset 2 Inerease in asset, increase in liability. 3.Inerease in asset, increase in owner's capital 4 Decrease in asset, decrease in liability 5. Decrease in asset, decrease in owner's capital. 6 Decrease in liabilities, increase in owner's capital. 7 Increase in one liability, decrease in another liability 8. Increase in liabilities, decrease in owner's capital

    What kind of transactions are recorded in the Cash Book ?

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