Cash and cash equivalent

  • When an asset (other than cash) increases, the Cash account decreases.

  • When an asset (other than cash) decreases, the Cash account increases.

  • When a liability increases, the Cash account increases.

  • When a liability decreases, the Cash account decreases.

  • When owner’s equity increases, the Cash account increases.

  • When owner’s equity decreases, the Cash account decreases.

Be the first to comment on "Cash and cash equivalent"

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.