Match Each Transaction with Its Effect on the Accounting Equation

question 77

Multiple Choice

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

• 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:

Self-Identity

How an individual perceives themselves, incorporating elements such as personal values, beliefs, and characteristics, forming the basis of self-concept.

Projection

A defense mechanism in psychology where individuals attribute their own thoughts, feelings, or attributes to someone else.

Perceptual Defence

A psychological concept where an individual subconsciously resists recognizing or accepting information that conflicts with their personal beliefs or expectations.

Implicit Personality Theory

The assumptions or biases that people naturally make about the characteristics and traits of others based on limited observations.