[Answer] How does receiving a bill to be paid next month for services rendered affect the accounting equation?

Answer: liabilities increase; owner's equity decreases

Most relevant text from all around web:

How does receiving a bill to be paid next month for services rendered affect the accounting equation? Acct. Quizzes. They started the year with an inventory that had a retail cost of $35 000. During the year they purchased an inventory with a retail cost of $300 000. After performing a physical inventory they calculated their inventory at $60 000. The mark up is 100% of cost. Determine the ending inventory at its estimated cost . It depends entirely on why you are receiving the check . For example if you are receiving the check for services rendered then yes. For example if you are receiving a loan or a gift then no. To get accounting services one can go to their local accountant or search for them on a site like Yelp. One can also get accounting services from JFW Accounting Services . How does receiving a bill to be paid next month for services rendered affect the accounting equation ? a. assets increase; liabilit How does receiving a bill to be paid next month for services Question & Answers Mon Sep 01 2008 · How does receiving a bill to be paid next month for services rendered affect the accounting equation ? a. assets increase; liabilities increase b . liabilities increase; owner's equity decreases c. liabilities increase; owner's equity increases d. assets decrease; owner's equity decreases show more How does receiving a bill to be paid next month for services rendered ...

Disclaimer: 

Our tool is still learning and trying its best to find the correct answer to your question. Now its your turn, "The more we share The more we have". Comment any other details to improve the description, we will update answer while you visit us next time...Kindly check our comments section, Sometimes our tool may wrong but not our users.

Are We Wrong To Think We're Right? Then Give Right Answer Below As Comment