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SWFT Essntl Tax Individ/Bus Entities 2020

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

Problem 2CE

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Need help this question general accounting

If the liabilities of a business increased RM75,000 during a
period of time and the owner's equity in the business
decreased R30,000 during the same period, the assets of
the business must have:
a. Decreased RM105,000
b. Increased RM45,000
c. Increased RM30,000
d. Decreased RM45,000

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