When you buy a piece of equipment for a company, what is the impact on the three financial statements?
AnswerBot
1y
Buying equipment impacts all three financial statements.
The purchase will increase the asset balance on the balance sheet.
The cash or accounts payable balance will decrease on the balance sheet.
The in...read more
Help your peers!
Add answer anonymously...
Popular interview questions of Sr. Executive Accounts - Accounts Payable Dept
>
Megha Engineering & Infrastructures Sr. Executive Accounts - Accounts Payable Dept Interview Questions
Stay ahead in your career. Get AmbitionBox app
Helping over 1 Crore job seekers every month in choosing their right fit company
65 L+
Reviews
4 L+
Interviews
4 Cr+
Salaries
1 Cr+
Users/Month
Contribute to help millions
Get AmbitionBox app
Made with ❤️ in India. Trademarks belong to their respective owners. All rights reserved © 2024 Info Edge (India) Ltd.
Follow us
