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Which of the following shows the effects of purchasing inventory on account? Balance Sheet Income Statement Statement of Cash Flows Assets = Liab. + Equity
Which of the following shows the effects of purchasing inventory on account?
| Balance Sheet | Income Statement | Statement of Cash Flows | |||||||||
| Assets | = | Liab. | + | Equity | Rev. | - | Exp. | = | Net Inc. | ||
| A. | + | = | + | + | NA | NA | - | + | = | - | NA |
| B. | + | = | NA | + | + | NA | - | NA | = | NA | + OA |
| C. | + | = | + | + | NA | NA | - | NA | = | NA | NA |
| D. | + | = | + | + | NA | NA | - | NA | = | NA | + OA |
Option a
Option b
Option c
Option d
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Information Technology Auditing An Evolving Agenda
Authors: Jagdish Pathak
1st Edition
3642060579, 978-3642060571
