Question
A company paid its current month's utility bill. How will this business transaction affect the accounting equation for the company? A. increase assets and increase
A company paid its current month's utility bill. How will this business transaction affect the accounting equation for the company?
A. increase assets and increase liabilities.
B. increase assets and decrease owner's equity
C. Decrease assets and increase liabilities
D. Decrease assets and decrease owner's equity
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
21st Edition
978-1259916984
