Match Each Transaction with Its Effect on the Accounting Equation

question 170

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received payment from a customer on account

• 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

---

Definitions:

Reliability

The consistency of a given result.

Informed Consent

A process ensuring that individuals are fully informed about procedures, risks, benefits, and alternatives before participating in research, medical procedures, or other activities requiring consent.

Zimbardo Study

A psychological experiment conducted by Philip Zimbardo in 1971 examining the effects of perceived power, focusing on the struggle between prisoners and prison guards.

Ethical Issues

Concerns or dilemmas that involve moral principles and impact decisions and actions in various fields, such as medicine, technology, business, or research.