Buying office supplies Obtaining a long-term loan Buying office equipment Selling inventory Buying land
Question 17. Question: A debit is:
An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account
Question 18. Question: Risk is: Net income divided by average total assets The reward for investment
Question 16. Question: activity is:
An example of a financing
Buying office supplies Obtaining a long-term loan Buying office equipment Selling inventory Buying land
Question 17. Question: A debit is:
An increase in an account The right-hand side of a T-account A decrease in an account The left-hand side of a T-account An increase to a liability account
Question 18. Question: Risk is: Net income divided by average total assets The reward for investment