Match Each Transaction with Its Effect on the Accounting Equation

question 139

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Purchased supplies on credit

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

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Definitions:

Concentrated

Having a large amount of a particular substance in a specific area or volume, reducing the proportion of other substances or components.

Pepsin

An enzyme in the stomach that breaks down proteins into smaller peptides, functioning optimally in an acidic environment.

Protein Digestion

The process by which proteins are broken down into their component amino acids by enzymes in the digestive system, starting in the stomach and continuing in the small intestine.

Bile

A digestive fluid produced by the liver and stored in the gallbladder, aiding in the digestion and absorption of fats in the small intestine.