For the accounting equation to balance each transaction must:
A) always affect two accounts.
B) affect the same number of asset and liability accounts.
C) affect two or more accounts.
D) affect two or less accounts
Correct Answer:
Verified
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
Q11: The effect on the accounting equation of
Q12: Evidence that would not be of help
Q13: Which of the following is not a
Q14: The accounts land,accounts receivable,sales revenue and accounts
Q15: The liability created by a business purchasing
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