C-02-Q129mediumsingle_mcq
What is the effect of the legal services provided in cash by Hasan & Associates on the accounting equation?
What is the effect of the legal services provided in cash by Hasan & Associates on the accounting equation?
- aAsset (cash) increases, owner's equity (revenue) increases
- bAsset decreases, liability decreases
- cAsset increases, liability increases
- dLiability decreases, owner's equity decreases