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
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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.
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