FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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

Revenue has the effect of:

A.increasing assets and decreasing liabilities

B.increasing assets and owner's equity

C.leaving the entire balance sheet unchanged

D.increasing assets and decreasing owner's equity

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