Use the information given above to answer the following questions:
Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations.

-Which transaction represents the acquisition of a noncurrent asset?
A) (2)
B) (4)
C) (9)
D) (10).

Question

Use the information given above to answer the following questions:
Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations.

-Which transaction represents the acquisition of a noncurrent asset?
A) (2) 
B) (4) 
C) (9) 
D) (10).

Quizplus · Accepted Answer

Transaction (4) shows the purchase of computer equipment, which is a noncurrent asset.

Use the Information Given Above to Answer the Following Questions