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14. When an entity purchases machinery on account the effect
Ask: 14. When an entity purchases machinery on account the effect on the accounting equation is:
A. Increase in assets and increase in liabilities
C. increase in assets and decrease in liabilities
B.Decrease in equity and Increase in liabilities
D. Increase in assets and decrease liabilities
Answer:
D. Increase in asset and decrease liabilities
Explanation:
Here
As the life of an asset is lengthened, the value
Ask: As the life of an asset is lengthened, the value of that asset increases.
Answer:
As the life of an asset is lengthened, the value of that asset increases. … As the uncertainty about the expected cash flows increases, the value of an asset increases. An asset with an infinite life (i.e., it is expected to last forever) will have an infinite value.
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When an entity performs services for cash, how will the
Ask: When an entity performs services for cash, how will the accounting equation be affected?
Select one:
a. Increased equity and decreased assets
b. No effect
c. Increased assets and decreased liabilities
d. Increased equity and increased assets
FABM sub po ito
When an entity performs services for cash, how will the accounting equation be affected?
Select one:
a. Increased equity and decreased assets
b. No effect
c. Increased assets and decreased liabilities
d. Increased equity and increased assets
The answer is letter d. Increased equity and increased assets
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1. When an entity/business pays employees for their services, the
Ask: 1. When an entity/business pays employees for their services, the effect is an increase in
a. Expenses
b. Assets
c. Income
d. Liabilities
2. A withdrawal decreases the balance of
a. Owner’s Equity
b. Assets
c. Revenue
d.. Expenses
3. An owner’s withdrawal
a. Increases assets and owner’s equity
b. Increases assets and decreases owner’s equity
c. Decreases assets and owner’s equity
d. Decreases assets and increases owner’s equity
4. Revenues should be recorded when
a. They are earned
b. A contract is signed
c. Cash is received from the customer
5. All of the following affect the owner’s equity account except
a. Original investment
b. Payment of a liability
c. Additional investment
d. Withdrawal by the owner
6. Decrease in assets may
a. Decrease another asset
b. Decrease expenses
c. Increase capital
d. Decrease liabilities
7. Withdrawals by the proprietor has all the following effects except
a. Reduction of total assets
b. Reduction of owner’s equity
c. Reduction of profit for the period
d. Reduction of cash balance
8. The sale (at cost) of an asset on credit
a. Decreases assets and liabilities
b. Leaves total assets unchanged
c. Increases assets and liabilities
9. The acquisition of an asset on credit
a. Increases assets and owner’s equity
b. Increases assets and liabilities
c. Decreases assets and increases liabilities
d. Leaves total assets unchanged
10. The payment of a liability
a. Decreases assets and owner’s equity
b. Increases assets and decreases liabilities
c. Decreases assets and increases liabilities
d. Decreases assets and liabilities
11. The acquisition of an asset for cash
a. Increases assets and owner’s equity
b. Increases assets and liabilities
c. Decreases assets and increases liabilities
d. Leaves total assets unchanged
12. An investment by the owner in a business increases
a. assets and owner’s equity
b. Assets and liabilities
c. Liabilities and owner’s equity
d. Assets only
13. Which of the following items has no effect on the owner’s equity?
a. Expense
b. Withdrawals
c. Land acquired
d. Revenue
14. A revenue
a. Increases assets and liabilities
b. Increases assets and owner’s equity
c. Increases assets and decreases owner’s equity
d. Leaves total assets unchanged
Answer:
1.A
2.A
3.D
4.C
5.D
6.A
7.C
8.D
9.C
10.D
11.A
12.A
13D
14.C
Received cash from owner as additional investment, P600,000. A. decrease
Ask: Received cash from owner as additional investment, P600,000.
A. decrease an asset, decrease owner’s equity
B. increase an asset, increase a liability
C. decrease an asset, decrease a liability
D. increase an asset, decrease another asset
E. increase an asset, increase owner’s equity
Answer:
e
Step-by-step explanation:
BC he gave u 600,000 BC for thank u to him
Answer:
E. increase an asset, increase owner’s equity
When does Asset, Liability and Owner's Equity increase or decrease?
Ask: When does Asset, Liability and Owner’s Equity increase or decrease?
Answer:
Decrease Because of nothing
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12.Paid electricity bills for 7500 in cashA. decrease in assets
Ask: 12.Paid electricity bills for 7500 in cash
A. decrease in assets = decrease and capital
B. increase in assets = increase in liabilities
C. increase in assets = decrease in another form of assets
D. increase in assets= increase capital
Answer:
c. increase in assests = decrease in another form of assests
When the ratio increases that is, when current increase profitability
Ask: When the ratio increases that is, when current increase profitability decreases. Why? assets
Answer:
It may either increase or decrease. An increase in the ratio of current assets to total assets will lead to a decline in profitability because current assets are assumed to be less profitable than fixed assets, assuming no change in current liabilities, will increase NWC.
Step-by-step explanation:
Yan po yung sagot..
a business received 6,000 cash from charge customers to apply
Ask: a business received 6,000 cash from charge customers to apply on account the effects of the transaction is
a. an increase in an asset and a decrease in a liability
b. an increase in an assets and decrease in an asset
c. an increase in an asset and a decrease in a capital
d. an increase in an asset and an increase in capital
e. an increase in an asset and an increase in revenue
Answer:
Letter C
Explanation:
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When an asset increases, one of the folowing must occur
Ask: When an asset increases, one of the folowing must occur
Answer:
In the accounting equation Assets = Liabilities + Equity, if an asset account increases (by a debit), then one must also either decrease (credit) another asset account or increase (credit) a liability or equity account.
Not only you can get the answer of is when an asset increases in value, you could also find the answers of When the ratio, 12.Paid electricity bills, When does Asset,, 14. When an, and As the life.
