Quiz 2: Analyzing Business Transactions
A Business Transaction Is a Financial Event That Affects the Resources
A business transaction is a financial event that affects the resources of a business.
Explore answers and all related questions
If there is an excess of expenses over revenues,the excess represents a profit.
A withdrawal of funds by the owner for personal use is considered a business expense.
The statement of owner's equity is prepared before the balance sheet so that the ending capital balance is available.
Explore all questions
How it work
Terms And Conditions
© 2020-2021 Cozyplus FZ LLC. All rights reserved