24 - Which of the following journal entries is credited in a limited liability company that fulfills its capital commitment in cash, fixtures and machinery? A) 501- Unpaid Capital Hs B) 253- Plant machinery and devices Hs. C) 255 - Fixed Assets Hs. D) 500- Capital Hs. E) 100- Cash Hs.

24 - Which of the following journal entries is credited in a limited liability company that fulfills its capital commitment in cash, fixtures and machinery? A) 501- Unpaid Capital Hs B) 253- Plant machinery and devices Hs. C) 255 - Fixed Assets Hs. D) 500- Capital Hs. E) 100- Cash Hs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

24 - Which of the following journal entries is credited in a limited liability company that fulfills its capital commitment in cash, fixtures and machinery?
A) 501- Unpaid Capital Hs

B) 253- Plant machinery and devices Hs.

C) 255 - Fixed Assets Hs.

D) 500- Capital Hs.

E) 100- Cash Hs.

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.

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