Operating activities deal with which types of accounts?
A)Current liabilities and owner's equity
B)Current and intangible assets
C)Current assets and current liabilities
D)Current assets and owner's equity

Question

Quizplus · Accepted Answer

Operating activities generally relate to the day-to-day operations of the business, such as buying and selling inventory, paying suppliers and employees, and collecting payment from customers. Therefore, they primarily involve current assets and current liabilities.

Operating Activities Deal with Which Types of Accounts