The owner contributed cash as additional capital,when:
A) one asset increased and another asset decreased
B) an asset increased and owners' equity increased
C) a liability increased and owners' equity decreased
D) a liability decreased and owners' equity increased.
Correct Answer:
Verified
Q2: A payment is received from accounts receivable,when:
A)
Q3: The business made a loan to the
Q4: Provision was made for income tax.
A) An
Q5: Inventory was lost as a result of
Q6: If a year's depreciation is charged on
Q7: Inventory was purchased for cash.
A) An asset
Q8: Inventory is purchased on credit,when:
A) one asset
Q9: An electricity account was paid.There was no
Q10: An account for advertising was received.There was
Q11: Equipment is purchased on credit,when:
A) one asset
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