Question: Multiple Select Question Select all that apply When recording transactions into the accounting equation, which of the following statements are correct? ( Check all that
Multiple Select Question
Select all that apply
When recording transactions into the accounting equation, which of the following statements are correct? Check all that apply.
Cash must always equal Owner's Equity.
The accounting equation must always remain in balance.
Expenses are listed on the right side of the accounting equation and will increase the owner's equity account.
After recording the transaction, total assets will always equal total liabilities plus owner's equity.
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