32 - )) XYZ A.Ş. For this reason, it signed the decision to reduce the capital by TL 200,000. As a result of the division, a building with a book value of 300.000 TL and accumulated depreciation of 200.000 TL was given to the partners, and a check was drawn up for the remaining amount. Which of the following cannot be said about the accounting records made in relation to this transaction? A) 500 capital account is debited 200.000 TL. B) 336 other miscellaneous payables accounts are credited with TL 200,000. C) 257 Accumulated depreciation account is debited 200.000 TL. D) 101 Checks received account is debited 100,000 TL. E) 252 Buildings account is credited with 300.000 TL.
32 - )) XYZ A.Ş. For this reason, it signed the decision to reduce the capital by TL 200,000. As a result of the division, a building with a book value of 300.000 TL and accumulated depreciation of 200.000 TL was given to the partners, and a check was drawn up for the remaining amount. Which of the following cannot be said about the accounting records made in relation to this transaction? A) 500 capital account is debited 200.000 TL. B) 336 other miscellaneous payables accounts are credited with TL 200,000. C) 257 Accumulated depreciation account is debited 200.000 TL. D) 101 Checks received account is debited 100,000 TL. E) 252 Buildings account is credited with 300.000 TL.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
32 - )) XYZ A.Ş. For this reason, it signed the decision to reduce the capital by TL 200,000. As a result of the division, a building with a book value of 300.000 TL and
A) 500 capital account is debited 200.000 TL.
B) 336 other miscellaneous payables accounts are credited with TL 200,000.
C) 257 Accumulated depreciation account is debited 200.000 TL.
D) 101 Checks received account is debited 100,000 TL.
E) 252 Buildings account is credited with 300.000 TL.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education