which of the following would not change the accounting equation? *\npaying off a liability in…

which of the following would not change the accounting equation? *\npaying off a liability in cash\npurchasing equipment with cash\ncollecting accounts receivable\nrecording revenue on account

which of the following would not change the accounting equation? *\npaying off a liability in cash\npurchasing equipment with cash\ncollecting accounts receivable\nrecording revenue on account

Answer

Brief Explanations:

  • Paying off a liability in cash: Assets (cash) decrease and liabilities decrease. This changes the accounting equation.
  • Purchasing equipment with cash: One asset (cash) decreases and another asset (equipment) increases. The total assets remain the same, but this is a change within assets.
  • Collecting accounts receivable: One asset (cash) increases and another asset (accounts receivable) decreases. The total assets remain the same.
  • Recording revenue on account: Assets (accounts receivable) increase and equity (revenue affects equity) increases. This changes the accounting equation.

Answer:

Collecting accounts receivable.