An account for advertising was received.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
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
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)
Q15: Income tax previously provided for was paid.
A)
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