2.15 Which of the following transactions have increased the amount of capital? (1) The owner contributed a car to the business. (2) Received interest on a bank deposit. (3) Paid salaries in cash. (4) Borrowed money from the owner's uncle. A. (1) and (2) only (2) and (3) only (3) and (4) only В. С. D. (1) and (4) only

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 5SEQ: Which of the following transactions changes only the mix of assets and does not affect liabilities...
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Which of the following transactions have
increased the amount of capital?
2.15
**
(1) The owner contributed a car to the
business.
(2) Received interest on a bank deposit.
(3) Paid salaries in cash.
(4) Borrowed money from the owner's uncle.
A. (1) and (2) only
B. (2) and (3) only
C. (3) and (4) only
D. (1) and (4) only
(6 mark
Transcribed Image Text:Which of the following transactions have increased the amount of capital? 2.15 ** (1) The owner contributed a car to the business. (2) Received interest on a bank deposit. (3) Paid salaries in cash. (4) Borrowed money from the owner's uncle. A. (1) and (2) only B. (2) and (3) only C. (3) and (4) only D. (1) and (4) only (6 mark
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