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Ch2: Accounting in action
Quiz by Hajar Alsherawi
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What is the basic accounting equation ?
All of the following are liabilities except
Supplies used classified as :
If a company A invested cash and equipment in the business , The transaction result as :
If company B withdrew cash for personal use ,The transaction result is :
If company C ordered additional supplies , The transaction result is :
In the basic accounting equation , if Assets increased the Liabilities and Owners Equity will :
Company incurred general expenses on credit , The transaction result :
