An electricity account was paid.There was no previous record of the charge.
A) An asset increased and another asset decreased.
B) An asset decreased and an expense increased.
C) An asset decreased and a liability decreased.
D) A liability increased and an expense increased.
Correct Answer:
Verified
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
Q10: An account for advertising was received.There was
Q11: Equipment is purchased on credit,when:
A) one asset
Q12: Equipment is purchased for cash,when:
A) one asset
Q13: Inventory purchased on credit was returned to
Q14: A company borrows money to purchase equipment,when:
A)
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