After which of the following transactions will the accounting equation NOT balance?
A) theft of inventory by an employee
B) receipt by the business of a gift from a grateful customer
C) discovery of a reef of gold on land owned by the business
D) payment to a supplier recorded as an increase in an asset and a decrease from another asset.
Correct Answer:
Verified
Q19: The assets of ALS Ltd increased by
Q20: If a company provides for tax at
Q21: Commission was earned which will be paid
Q22: A customer paid his account in full.
A)
Q23: The company received cash dividends on investments.
A)
Q25: Assets at the end of the period
Q26: If at the end of the financial
Q27: Consider the following transactions.
(i)Collect $100 000
Q28: During the year,the liabilities of a company
Q29: During the accounting period there were no
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