When a business provides services for cash, which elements of the accounting equation are affected? Multiple Choice Revenue and Expense Cash and Revenue Cash and Expense Cash and Dividends

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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**Question 3:**
*When a business provides services for cash, which elements of the accounting equation are affected?*

**Multiple Choice Options:**

- ⭕ Revenue and Expense
- ⭕ Cash and Revenue
- ⭕ Cash and Expense
- ⭕ Cash and Dividends
Transcribed Image Text:**Question 3:** *When a business provides services for cash, which elements of the accounting equation are affected?* **Multiple Choice Options:** - ⭕ Revenue and Expense - ⭕ Cash and Revenue - ⭕ Cash and Expense - ⭕ Cash and Dividends
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