Which of the following is not a business transaction?
A) make a sales offer
B) sell goods for cash
C) receive cash for services to be rendered later
D) pay for supplies
Correct Answer:
Verified
Q92: A business paid $7,000 to a creditor
Q93: If total liabilities decreased by $46,000 during
Q94: Revenues are reported when
A) a contract is
Q95: Owner's withdrawals
A) increase expenses
B) decrease expenses
C) increase
Q96: Earning revenue
A) increases assets, increases owner's equity
B)
Q98: If total assets decreased by $88,000 during
Q99: Debts owed by a business are referred
Q100: Assets are
A) always lower than liabilities
B) equal
Q101: All of the following are general-purpose financial
Q102: Which of the following is not a
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