Can an accountant record the receipt of an investment of $12,000.00 as an increase in cash and revenues? Please explain me why or why not.
Thanks!
2007-09-11 10:58:22 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Did you mean someone invested in your organisation and introduced $12,000 into the organisation? If you are a partnership, you'd
Dr Cash 12,000
Cr Partner's capital 12,000
If you're a company, you'd
Dr Cash 12,000
Cr Shareholders' equity 12,000
2007-09-11 23:23:26 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
The people should not have to depend on the sate to support him. The state should depend on the People to support it. If the people become dependent on the state to protect them as though they were sheep and the state was the shepherd than the people become no more than cattle. Every man and woman should have the right and the opportunity to make his / her choice. Also I have one question; what do The Beatles, The Rolling Stones, and Adele have to do with the economy. I could say Nirvana, Smashing Pumpkins, and Cage The Elephant are from the United States of America so everyone should be like the United States of America.
2016-04-04 02:40:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If someone is investing money, it is not revenue. It is contributed capital.
2007-09-11 11:11:50 · answer #3 · answered by Judy K 3 · 0⤊ 0⤋