Solution-Which transactions increases asset and capital

Which transactions increases asset and capital

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Reference no: EM132737820

Problem 1: Which of the following transactions increases asset and capital in the accounting equation?

A) Cash is received from a customer for services rendered to them.

B) Cash is received from proceeds of a loan from a financing institution.

C) Cash is received from a customer previously billed.

D) All of the choices

Problem 2: One who does not take active part in the business and is not known or held out as a partner

A) Dormant

B) Secret

C) Limited

D) Silent

Reference no: EM132737820

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Which transactions increases asset and capital

Reference no: EM132737820

Reference no: EM132737820

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