The simultaneous increase of assets and liabilities will certainly affect the accounting equation.（ ）
举一反三
- According to the expanding of accounting equation, the debit side record the increase of ( ) A: Assets B: Liabilities C: Owner’s equity D: Expenses
- Owners' equity is measured by subtracting liabilities from assets. This sentence can be described as the following equation ______. A: ASSETS - LIABILITIES + OWNER'S EQUITY B: ASSETS - LIABILITIES = OWNER'S EQUITY C: OWNER'S EQUITY = ASSETS + LIABILITIES D: OWNER'S EQUITY = LIABILITIES - ASSETS
- Liabilities are generally classified into( )and ( ).(2分) A: current liabilities、Non-current liabilities B: current assets、long-term assets C: accounting payable、intangible asset D: fixed asset、intangible asset
- Johnson company pays the software company $5,000 with a check that they bought. Which the following statement is true? A: Assets are increase and liabilities are increase. B: Assets are decrease and owner’s equity is decrease. C: Assets are decrease and liabilities are decrease. D: Assets are increase and owner’s equity is increase.
- The balance sheet reports: A: a.the assets, liabilities, gains, and losses for a period of time B: b.the changes in assets, liabilities, and equity for a period of time C: c.the assets, expenses, and liabilities as of a certain date D: dthe financial condition of an accounting entity as of a particular date