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The list of account names with their respective balances at a given date is known as the: 0 Select one: a. Statement of Financial Position
The list of account names with their respective balances at a given date is known as the: 0 Select one: a. Statement of Financial Position b. Statement of Profit or LOSS c. Trial balance d. Statement of Changes in Equity ION The receipt of cash from customers in payment of their accounts would be recorded by: Select one: O a. A debit to Accounts Receivable and a credit to Cash 0 b. A debit to Cash and a credit to Accounts Payable O C. A debit to Accounts Payable and a credit to Cash o d. A debit to Cash and a credit to Accounts Receivable Determine the effect on the accounting equation when the business paid current month's salary to its workers. Select one: a. Increase in Owner's Equity, decrease in Asset o b. Increase in Asset, decrease in Liability c. Increase in both Asset and Owner's Equity o d. Decrease in both Asset and Owner's Equity
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