Question 1
Which transaction class affects all assets, liabilities, and equity?
Question 2
Which of these transactions does not affect equity immediately?
Question 3
What is an accounting act?
Question 4
How does opening a new bank account affect accounting?
Question 5
Which transaction is categorized as an accounting act rather than a fact?
Question 6
What defines a decreasing modifying fact?
Question 7
What is the main objective of accounting?
Question 8
What would classify as an increasing modifying fact?
Question 9
What impact does a contribution to share capital have?
Question 10
What kind of fact is the payment of a promissory note?
Question 11
Which transaction is considered an exchangeable fact?
Question 12
What distinguishes a modifying fact from an exchangeable fact?
Question 13
Which of the following is a mixed fact?
Question 14
In accounting, what is the impact of changing a partner's marital status?
Question 15
How do payment of electricity expenses affect the company?