Liabilities + equity should always be:
A) less than assets
B) equal to assets
C) greater than assets
D) greater than or equal to assets
Correct Answer:
Verified
Q1: An investment by shareholders in a company
Q3: The sale on credit of a computer
Q4: The effect on the accounting equation of
Q5: Which of these is correct?
A)Assets + liabilities
Q6: The payment of a liability:
A)decreases assets and
Q7: For the cash account to decrease and
Q8: On 14 May,Green Pty Ltd sells goods
Q9: Which of these would be classed as
Q10: For the accounting equation to balance each
Q11: The effect on the accounting equation of
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