Inventory was lost as a result of shoplifting.There was no insurance cover for the loss.
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
Q1: The owner contributed cash as additional capital,when:
A)
Q2: A payment is received from accounts receivable,when:
A)
Q3: The business made a loan to the
Q4: Provision was made for income tax.
A) An
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
Q10: An account for advertising was received.There was
Q11: Equipment is purchased on credit,when:
A) one asset
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