For Each Transaction Recorded in an Accounting System,the Basic Equation

question 96

Multiple Choice

For each transaction recorded in an accounting system,the basic equation that must be maintained at all times is:

• A)Assets = Liabilities + Stockholders' Equity.
• B)Cash Increases = Cash Decreases.
• C)Revenues = Expenses + Dividends.
• D)Assets = Liabilities.

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