A. Debit increases the capital account balance
B. Credit increases the capital account balance
C. Fresh capital increases the capital account balance
D. Net income increases the capital account balance
A. Surplus cash
B. Bank overdraft
C. Terms deposits with bank
D. None of these
A. Benefits the current accounting period
B. Will benefit the next accounting period
C. Results in the acquisition of a permanent asset
D. Results in the acquisition of a current asset
A. Double entry system
B. American system
C. Single entry system
D. Italic system
