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:

Improve

Refers to the act of making something better or enhancing its value, quality, or effectiveness.

Evaluation Apprehension

Anxiety stemming from the possibility of being judged or evaluated by others.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with increased heart rate and alertness.

Dominant Response

The most common or strongest response emitted by an organism when faced with a particular stimulus.