JAMB Accounting 2012 Objective — Question 5

Question 5 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2012 Objective paper, with the correct answer and a full explanation.

The capital of a sole trader can be increased by

A. debiting the capital account
B. crediting the capital accountCorrect
C. debiting the cash account
D. crediting the cash account

Explanation

Since capital credit balance, to increase it, then a credit must be posted to it.

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