The accounting entry for additions and improvements that increase the usefulness of equipment includes
a. debiting a liability account and crediting Building or Equipment.
b. debiting Cash and crediting Building or Equipment.
c. debiting Building or Equipment and crediting Cash or a liability account.
d. debiting Building Expense or Equipment Expense and crediting Cash or a liability account.
c
Business
You might also like to view...
A private corporation is one that
A. is owned by only a few people and not traded on the open market. B. does not pay taxes on its income. C. does not hire employees. D. can be purchased on the Toronto Stock Exchange. E. all of the answers are correct.
Business
The ________ section is the most important and most detailed portion of the report
A) method B) limitations C) conclusions D) findings E) recommendations
Business