If a business paid cash for supplies, it would increase assets, assets O assets, owner's equity O owner's equity, liabilities Oliabilities, assets and decrease

what the effect to asset, liability and owner's equity if the company purchases office equipment by cash

which of the following is an operating avtivity? A. billing customers for services rendered but not yet paid for B. paying off a loan to the bank C. purchasing equipment for cash D. receiving cash investments from owners

Explain accrual basis accounting, and when to recognize revenues and expenses and how it differs from cash accounting. Provide a detailed example of a business that may use cash accounting.

Which of the following decrease owner's equity or stockholder's equity? A. Paying cash to vendors. B. Paying cash to clients. C. Revenue. D. Expenses.

What business record shows the results of the proprietorship’s borrowing assets from the business, usually anticipation of profits?   A. Proprietor’s Withdrawals B. Proprietor’s Investment C. Proprietor’s Capital D. Proprietor’s Assets

A business provider services to a customer on credit.Which of the following is correct: A.Assets increase and liabilities decrease at the time the cash is collected B.Assets increase and liabilities increase at the time of the sale C.Assets increase and the owner's equity increases at the time the cash is collected D.Assets increase and the owner's equity increases at the time of the sale

Franklin Co received interest income from their investments.  The interest income would be in what section of the statement of cash flows?   a. Not on the statement of cash flows   b. Investing   c. Operating   d. Financing