A short question !

[devixion]

Kind of confused by this, can anyone guide me?

Cheryl took out $500 from the business bank account and put it into the cash till in the office.
What is the effect of the transaction on the accounting equation?

 

[Becky]

Is this a study question?

 

[Steve-LevelUp]

What do you think the impact is? How is the accounting equation changed? what would the entry be for that transaction?

 

[Fidget]

I think Cheryl has a shoe buying problem. She's spent the money in the till and took it out of the bank account to put back in the till hoping nobody will notice.

 

[Becky]

I think Cheryl has a shoe buying problem. She's spent the money in the till and took it out of the bank account to put back in the till hoping nobody will notice.

Haha!