Question

Which of the following would increase assets and increase liabilities?A. Provide services to customers on account.B. Purchase office supplies on account.C. Pay dividends to stockholdersD. Receive a utility bill but do not pay it immediately

Answer 1

B. Purchase office supplies on account

Step-by-step explanation:

an office is considered as land which serves as an asset and as such it will increase assets but making the purchase on account will increase the liabilities as well.