Mark the statement true or false…

Question: 01) The purchase of supplies on account would have an affect on the liabilities of the firm.   02) One way of decreasing the equity of a business is to increase an asset.   03) The purchase of supplies on account will decrease equity.   04) When revenue is Read more…

Mark the statement true or false..

Question: TRUE/FALSE   01) Financial statements are documents that report on a business in monetary amounts.   02) Nonprofit organizations have no need for accounting information as do profit-oriented organizations.   03) Managers use accounting information to set goals for their organizations.   04) A Certified Management Accountant is a Read more…

× How can I help you?