O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2019 · Q31 Mark
Which transaction will increase both assets and capital by the same amount?
Acredit customer settled his account after deducting a cash discount.
BGoods were sold at a price higher than their cost price.
CRent received included an amount prepaid for the next accounting period.
DThe owner repaid a business loan from his personal bank account.
✓ Correct answer
B: Goods were sold at a price higher than their cost price.
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