Question: 2 8 of 4 0 Concepts completed Multiple Choice Question Which of the following statements below lists the rules of entering transactions into the accounting

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Multiple Choice Question
Which of the following statements below lists the rules of entering transactions into the accounting equation?
The accounting equation can be out of balance only when payment will be received at a future date.
The accounting equation must always remain in balance so that assets always equal the sum of liabilities and equity.
Transactions entered into the accounting equation must involve cash and an equity account.
An asset account and a liability account are always affected.
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2 8 of 4 0 Concepts completed Multiple Choice

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