In the context of a forensic accounting engagement, which of the following is an instrument that creates leverage in processing, understanding, and/or illustrating data?
A) tool
B) technique
C) method
D) process
Question 2
Graves Company bought supplies on credit, 1,800 . What are the effects on the fundamental accounting equation?
a. Assets increase 1,800; liabilities, no effect; owner's equity increases 1,800.
b. Assets decrease 1,800; liabilities, no effect; owner's equity decreases 1,800.
c. Assets, no effect; liabilities, increase 1,800; owner's equity decreases 1,800.
d. Assets increase 1,800; liabilities, increase 1,800; owner's equity, no effect.
