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