Multiple Choice
Equity is not affected by all
A) cash receipts.
B) dividends.
C) revenues.
D) expenses.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: Debit always means<br>A)right side of an account.<br>B)increase.<br>C)decrease.<br>D)none
Q32: An optional step in the accounting cycle
Q63: The trial balance will not balance when
Q67: Posting is done for income statement activity;
Q78: The accounting equation must remain in balance<br>A)
Q80: Revenues are<br>A)Impacted by debits and credits in
Q87: A company must make adjusting entries<br>A)To ensure
Q89: The omission of the adjusting entry to
Q100: Adjustments are often prepared<br>A) after the statement
Q119: An adjusting entry should never include<br>A) a