Which of the following would not be a use of funds?
A) increase in an asset account
B) decrease in a liability account
C) decrease in an equity account
D) increase in a liability account

Question

Quizplus · Accepted Answer

An increase in a liability account is considered a source of funds, not a use of funds. Uses of funds typically involve spending cash or other assets, such as increasing an asset account, decreasing a liability account, or decreasing an equity account.

Which of the Following Would Not Be a Use of Funds