What makes an accounting entity smaller but no poorer


Question: Which of the following entries makes an accounting entity smaller but no poorer? Group of answer choices The firm sold equipment for the value it currently had on its books. The firm bought supplies and promised to pay the vendor later. The firm bought equipment for cash. The firm served a customer, but the customer hasn't paid yet.

 

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Accounting Basics: What makes an accounting entity smaller but no poorer
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