Delta Company experienced an accounting event that affected its accounting equation as indicated below: Which of the following accounting events could have caused these effects on Delta's accounting equation?
A)Purchased land for cash.
B)Incurred a cash expense.
C)Borrowed money from a bank.
D)Earned cash revenue.

Question

Delta Company experienced an accounting event that affected its accounting equation as indicated below:  Which of the following accounting events could have caused these effects on Delta's accounting equation?
A)Purchased land for cash. 
B)Incurred a cash expense. 
C)Borrowed money from a bank. 
D)Earned cash revenue.

Quizplus · Accepted Answer

The Answer of Delta Company experienced an accounting event that affected its accounting equation as indicated below:  Which of the following accounting events could have caused these effects on Delta's accounting equation?
A)Purchased land for cash. 
B)Incurred a cash expense. 
C)Borrowed money from a bank. 
D)Earned cash revenue.

Delta Company Experienced an Accounting Event That Affected Its Accounting