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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..

Answer / narsimulu

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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