According to the expanding of accounting equation, the debit side record the increase of ( )
A: Assets
B: Liabilities
C: Owner’s equity
D: Expenses
A: Assets
B: Liabilities
C: Owner’s equity
D: Expenses
举一反三
- 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
- The matching principle provides guidance in accounting for ( ). A: Expenses B: Assets C: Owner’s equity D: Liabilities
- 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 accounting elements reflecting the financial status of the enterprise are A: Assets B: Income C: Cost D: Liabilities E: Owner's equity
- A balance sheet reports:（ ）. A: the assets, liabilities, and owner’s equity on a particular date. B: the difference between revenues and expenses during the period. C: the change in the owner’s equity during the period. D: the cash receipts and cash payments during the period.