On the last day of the period, Ahmed Islamic Finance Training buys a computer for $2,000 on
Question:
On the last day of the period, Ahmed Islamic Finance Training buys a computer for $2,000 on credit. In what manner does this transaction affect the accounting equation?
a. Office Equipment increases and Cash decreases.
b. Office Equipment increases and Accounts Payable decreases.
c. Office Equipment increases and Accounts Payable increases.
d. Assets increases and Liabilities and Owners’ Equity increases.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
2+ Reviews
10+ Question Solved
Related Book For 
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
Question Posted:
