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O-LevelAccountingThe fundamentals of accounting7707/13 · Oct/Nov 2023 · Q11 Mark

Which action does not reduce the owner's capital?

Abusiness expenses paid using a personal cheque
Bcash withdrawn from the business bank account for personal use
Cgoods taken from inventory for personal use
Dpersonal expenses paid using business cash

✓ Correct answer

A: business expenses paid using a personal cheque

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 1.

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