Cash account is primarily affected by which transactions in the acquisition and payment cycle?
A) Payment of dividends
B) Issue of shares
C) Both A and B
D) None of the above

Question

Quizplus · Accepted Answer

Cash account is primarily affected by transactions involving the receipt and disbursement of cash. Payment of dividends and issuance of shares do not directly affect the cash account.

Cash Account Is Primarily Affected by Which Transactions in the Acquisition