Asked by Sagar Rajput on Jun 24, 2024

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A cash investment made by the owner should be recorded in the

A) cash receipts journal
B) purchases journal
C) cash payments journal
D) revenue journal

Cash Receipts Journal

A financial journal that tracks all cash inflows or money received by a business, including sales, loans, and investments.

Cash Investment

Financial assets that are highly liquid and can be quickly converted into cash, or the act of placing money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Owner Recorded

The registration of assets, liabilities, or transactions by the owner in the financial records of a business.

  • Recognize and categorize transactions in the appropriate journals.
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AK
ABDUL KADIRJun 25, 2024
Final Answer :
A
Explanation :
A cash investment made by the owner increases the cash balance of the business, so it should be recorded in the cash receipts journal, which is used to record all cash inflows.