Which of the Following Increases Cash

question 30

Multiple Choice

Which of the following increases cash?

• A)a decrease in current assets other than cash.
• B)an increase in fixed assets.
• C)an increase in current liabilities.
• D)A and C.
• E)None of the above.

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Definitions:

Transactions

Financial events that involve the transfer of value between two parties, recording in accounting records.

Source Document

An original record or document that contains the details of a business transaction, used as the basis for recording and validating financial data.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's bookkeeping system is mathematically correct.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense. Opposite of a debit.