Multiple Choice
When a customer eventually pays for items that have been purchased on credit,the transaction will affect:
A) an asset and a liability
B) an asset and an expense
C) two assets
D) an asset and income
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q39: A business purchased office furniture for $1500
Q41: Some of ABC's transactions for the month
Q42: The business hires an office manager at
Q43: Accounts for Printers Pty Ltd are
Q45: A _ is a record in which
Q46: Income has a (positive/negative)_ effect on Equity.
Q47: A _ account is used to summarise
Q47: If: <span class="ql-formula" data-value="\begin{array}{l}\text {
Q48: A business borrowed $20 000 from AXY
Q49: Which of the following is not a