C-02-Q126mediumsingle_mcq
What is the effect of Hasan & Associates' cash investment as capital on the accounting equation?
What is the effect of Hasan & Associates' cash investment as capital on the accounting equation?
- aAsset increases, liability increases
- bAsset increases, owner's equity (capital) increases
- cAsset decreases, owner's equity decreases
- dLiability increases, owner's equity decreases