Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 27)
Which of the following transactions will increase assets?
A company sells goods on credit
A company buys supplies on credit
A company purchases equipment with cash
A company receives cash from a customer for services
Explanation
Selling on credit will increase Accounts Receivable (asset). Receiving cash from customers will increase cash (asset).
Comments (0)
