In Accounting Equation rent paid for office will be recorded as.
A. Decrease in cash and decrease in capital
B. Decrease in cash and increase in expense
C. Decrease in cash and increase in liability
D. Increase in cash and increase in capital
Answer:A
In Accounting Equation rent paid for office will be recorded as.
A. Decrease in cash and decrease in capital B. Decrease in cash and increase in expense C. Decrease in cash and increase in liability D. Increase in cash and increase in capital