A Purchase of an Asset on Account

question 83

Multiple Choice

A purchase of an asset on account

• A) increases cash.
• B) decreases owner's equity.
• C) increases assets.
• D) decreases expenses.

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Definitions:

Name Box

A feature in spreadsheet applications that displays the cell reference or name of the selected cell.

Active Cell

The currently selected cell in a spreadsheet where data can be entered or edited, usually highlighted by a border.

Object Dependencies

This term refers to the relationships among objects in a database or software system, where changes to one object may affect others.

Linked Tables

In database management, tables that are connected or related to each other through common fields, allowing for the synchronization of data across tables.