Which of the following transactions will not result in an increase in revenues?
A) Sale of goods on credit.
B) Sale of services for cash.
C) Accumulation of interest in bank account.
D) An investment into the business by the owner.
Correct Answer:
Verified
Q58: Major assumptions made in measuring business income
Q59: Net income results in a(n)
A)increase in owner's
Q60: An adjusted trial balance will probably list
Q61: Net income
A)is accumulated in Owner's Capital.
B)is reported
Q62: When expenses exceed revenues,
A)a liability is created.
B)a
Q64: Retailers often end their fiscal years .
A)during
Q65: The periodicity assumption recognizes that
A)the company may
Q66: A customer's promise to pay for goods
Q67: The recording of an expense could result
Q68: The matching rule relates the least to
A)income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents