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If mr.A who is an investor in a startup business decides to use his investment as deposit for shares to the tune of $5000, out of which $1000 is used to buy raw materials for the company? what will be the double entry postings for these transactions?
Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA Approved Publishers – they have answers and workings 🙂
You can find these (and all) double entries in our free lectures working through Chapter 3 of our free lectures notes. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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