Which of the following transactions will not result in an increase in revenues?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 20MCQ
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Which of the following transactions will not result in an increase in revenues?
O An investment in the business by the owner
O Accumulation of interest in a bank account
Sale of goods on credit
O Sale of services for cash
Deferred expenses should be reported as
O Expenses on the income statement
O Income on the income statement
O Liabilities on the balance sheet
Assets on the balance sheet
Transcribed Image Text:Which of the following transactions will not result in an increase in revenues? O An investment in the business by the owner O Accumulation of interest in a bank account Sale of goods on credit O Sale of services for cash Deferred expenses should be reported as O Expenses on the income statement O Income on the income statement O Liabilities on the balance sheet Assets on the balance sheet
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