Question
If a company incurs $650 expenses on account, then a.Liability increases $650; owners equity decreases $650 b.Liability decreases $650; owners equity increases $650 c.Asset increases
If a company incurs $650 expenses on account, then
a.Liability increases $650; owners equity decreases $650
b.Liability decreases $650; owners equity increases $650
c.Asset increases $650; owners equity decreases $650
d.Asset decrease $650; owners equity decreases $650
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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
7th Edition
0470293039, 978-0470293034
