Accounting Transactions and Asset Increase
3 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the potential consequence of a transaction that increases an asset?

  • A decrease in equity (correct)
  • A decrease in liabilities
  • A decrease in revenue
  • A decrease in expenses
  • In the context of an asset increase due to a transaction, what might decrease as a result?

  • Accounts receivable
  • Accumulated depreciation
  • Operating income
  • Inventory (correct)
  • What could be an effect of a transaction leading to an increase in assets?

  • A decrease in cash flow
  • A decrease in dividends
  • A decrease in accounts payable
  • A decrease in net profit margin (correct)
  • More Like This

    Depreciation Quiz
    3 questions

    Depreciation Quiz

    HonoredRoseQuartz avatar
    HonoredRoseQuartz
    ACCT Class 13 Inventory Purchasing Quiz
    10 questions
    Accounting for Depreciation and Disposal
    5 questions
    Use Quizgecko on...
    Browser
    Browser