C-02-Q132mediumsingle_mcq
What is the effect of Sagor Electronics' cash deposit into the bank on the accounting equation?
What is the effect of Sagor Electronics' cash deposit into the bank on the accounting equation?
- aAsset (bank) increases, asset (cash) decreases
- bAsset increases, owner's equity increases
- cAsset decreases, liability decreases
- dLiability increases, asset increases