Answered: Which among the following transactions…

Which among the following transactions would have n equity? O a. Drawings made by the owner O b. Investment by the owner OC. O c. Purchase of supplies on credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 11MC: Which of the following would trigger a subtraction in the indirect operating section? A. gain on...

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which among the following transactions would have no effect on
equity?
a.
Drawings made by the owner
O b. Investment by the owner
Purchase of supplies on credit
O d. Retained earnings of the business

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