Register now or log in to join your professional community.
<p>(a) Decrease owner’s equity</p> <p>(b) Increase liabilities </p> <p>(c) Have no effect on total assets</p> <p>(d) None of these</p>
(c) Have no effect on total assets
Supplies ......... xxxx
Cash ................ xxxx
This shows an increase in one asset and a decrease in an other asset so it has no effect on the balance of the total assets.
So, Choice C is the answer for this question
The correct answer is C
C
Yes option C) is the right answer. You are right Divyesh
a Decrease Cash & increase supplies and this accounts belong to assets
then value of decreases in cash it's same value of increase in supplies.
(No affect on total assets)
ANSWER C
NO EFFECT
INCREAASE IN CURRENT ASSETS " GOODS " = DECREASE IN CURRENT ASSET " CASH "
C) No Effect on the Total Assets
Because both of them is Current Assets.
None of these !!
Answer C is the correct answer
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.