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Mr. Mohammed starts a business on 1st January. Invests  cash as his  capital. this transaction will lead to:   Select one: a. increases an asset; increases a liability. b. inreases at asset; decreases equity c. The correct anwer not available d. increases an asset; Decreases equity e. increases an asset; decreases an asset. f. decreases a liability; increases equity. g. Increase assets and increase equity

Mr. Mohammed starts a business on 1st January. Invests  cash as his  capital. this transaction will lead to:   Select one: a. increases an asset; increases a liability. b. inreases at asset; decreases equity c. The correct anwer not available d. increases an asset; Decreases equity e. increases an asset; decreases an asset. f. decreases a liability; increases equity. g. Increase assets and increase equity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mr. Mohammed starts a business on 1st January. Invests  cash as his  capital. this transaction will lead to:


 

Select one:
a.
increases an asset; increases a liability.
b.
inreases at asset; decreases equity
c. The correct anwer not available
d.
increases an asset; Decreases equity
e.
increases an asset; decreases an asset.
f.
decreases a liability; increases equity.
g. Increase assets and increase equity 
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