Type Of Business Activity And Effect On Cash Flashcards
1
Q
Sold goods in account
A
Operating, NE
2
Q
Borrowed money from bank
A
Financing, +
3
Q
Purchased inventory for cash
A
Operating, -
4
Q
Providing a service for cash
A
Operating, +
5
Q
Purchased supplies on account
A
Operating, NE
6
Q
Paid salaries in cash
A
Operating, -
7
Q
Paid dividends
A
Financing, -
8
Q
Purchased delivery truck for cash
A
Investing, -
9
Q
Purchase of goods for resale
A
Operating, -
10
Q
Issue of common shares
A
Financing, +
11
Q
Sale of equipment that the company has finished using
A
Investing, +
12
Q
Receipt of bank loan
A
Financing, +
13
Q
Purchase of a long-term investment
A
Investing, -
14
Q
Purchase of equipment
A
Investing, -
15
Q
Sale of merchandise to a customer
A
Operating, +
