when cash recd. for services rendered in the past: 1)owner equity increase 2)c

when cash recd. for services rendered in the past:
1)owner equity increase
2)current assets increase
3)profit increase
4)none of the above

Question Posted / mathu

Answers were Sorted based on User's Feedback

when cash recd. for services rendered in the past: 1)owner equity increase 2)current assets increa..

If cash is coming in to the business it may be a arrears
current asset will increase.

Is This Answer Correct ?

6 Yes

3 No

when cash recd. for services rendered in the past: 1)owner equity increase 2)current assets increa..

Answer / manoj s

3)Profit increase for the current year..

Is This Answer Correct ?

0 Yes

4 No

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