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Home Q & A Board Other Fields Homework Help Business Accounting
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Kwami Kwami
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7 years ago
What happens to the accounting equation when a person borrows cash by signing a note payable?
A) Assets and equity decrease.
B) Assets and liabilities increase.
C) Liabilities and equity increase.
D) Assets and liabilities decrease.
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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suryoyosuryoyo
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#1
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7 years ago
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Kwami Author
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#2
7 years ago
Aha, makes more sense now.
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#3
7 years ago
Excellent, happy for you Smiling Face with Open Mouth
Thumbs up me, please!
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