WorksheetsEvaluation
Total questions: 10
Worksheet time: 3mins
The owner invests personal cash in the business.
Assets = Increase
Liabilities = Not Affected
Equity = Increase
Assets = Increase
Liabilities = Not Affected
Equity = Decrease
Assets = Decrease
Liabilities = Not Affected
Equity = Increase
The owner withdraws business assets for personal use.
Assets = Decrease
Liabilities = Increase
Equity = Decrease
Assets = Decrease
Liabilities = Decrease
Equity = Decrease
Assets = Decrease
Liabilities = Not Affected
Equity = Decrease
The company receives cash from a bank loan.
Assets = Decrease
Liabilities = Increase
Equity = Decrease
Assets = Decrease
Liabilities = Decrease
Equity = Decrease
Assets = Increase
Liabilities = Increase
Equity = Not Affected
The company repays the bank that had lent money.
Assets = Decrease
Liabilities = Not Affected
Equity = Increase
Assets = Increase
Liabilities = Increase
Equity = Not Affected
Assets = Decrease
Liabilities = Decrease
Equity = Not Affected
The company purchases equipment with its cash.
Assets = Increase
Liabilities = Increase
Equity = Increase
Assets = Not Affected
Liabilities = Not Affected
Equity = Not Affected
Assets = Decrease
Liabilities = Decrease
Equity = Decrease
The owner contributes her personal truck to the business.
Assets = Increase
Liabilities = Not Affected
Equity = Increase
Assets = Increase
Liabilities = Not Affected
Equity = Decrease
Assets = Decrease
Liabilities = Not Affected
Equity = Decrease
The company purchases supplies on credit.
Assets = Decrease
Liabilities = Decrease
Equity = Not Affected
Assets = Increase
Liabilities = Increase
Equity = Not Affected
Assets = Increase
Liabilities = Increase
Equity = Decrease
The company purchases land by paying half in cash and signing a note.
Assets = Increase
Liabilities = Increase
Equity = Not Affected
Assets = Increase
Liabilities = Increase
Equity = Increase
Assets = Increase
Liabilities = Not Affected
Equity = Not Affected
The owner withdraws cash for personal use.
Assets = Decrease
Liabilities = Not Affected
Equity = Decrease
Assets = Increase
Liabilities = Not Affected
Equity = Increase
Assets = Increase
Liabilities = Increase
Equity = Not Affected
The company repays the supplies.
Assets = Decrease
Liabilities = Decrease
Equity = Decrease
Assets = Decrease
Liabilities = Not Affected
Equity = Decrease
Assets = Decrease
Liabilities = Decrease
Equity = Not Affected
