Which transactions are involved in Income?
A. sale of goods to customer
B. provision of services to client
C. contribution of capital by owners
D. cash purchases of a computer
查看答案
Which transactions will not lead decrease of Assets?
A. Pay telephone fee
B. cash purchases of a computer
C. Get cash from customer which is accounts receivable before
D. payment of advertising
Which transactions are involved in Liability?
A. payment of accounts payable
B. repayment of short-term loan to financial institution
C. payment of advertising with cash
D. withdrawal of capital
Which transactions are involved in Owner’s equity?
A. sale of goods to customer
B. provision of services to client
C. withdrawal of capital
D. contribution of capital by owners
Which equations are correct？
A. Profit = Income – Expenses
B. Assets = Liabilities +Owner’s Equity + Income – Expenses
C. Assets = Liabilities +Owner’s Equity
D. Assets = Liabilities - Owner’s Equity
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