The balance sheet accounts that day-to-day operations involve include:
A)cash,accounts receivable,liabilities and equity.
B)cash,accounts receivable,accounts payable and short-term debt.
C)assets,short-term debt and long-term debt.
D)assets,liabilities and equity.

Question

Quizplus · Accepted Answer

Day-to-day operations involve transactions that affect both the assets and liabilities of a company. Cash, accounts receivable, and accounts payable are all involved in daily transactions related to sales and purchases. Short-term debt is also included as it may be used to finance day-to-day operations. Long-term debt is not typically used for daily operations.

The Balance Sheet Accounts That Day-To-Day Operations Involve Include