Match Each Transaction with Its Effect on the Accounting Equation

question 76

Multiple Choice

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

• 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:

Problem Solver

A person or tool that identifies, analyses, and resolves issues through systematic approaches and creative thinking.

Process Focused

An approach concentrating on the optimization and efficiency of processes to achieve better quality, cost, and delivery metrics.

Leader-Sensitive Projects

Projects that are significantly influenced by the leadership style and capabilities of the project manager.

Type of Organization

Refers to the classification of organizations based on their purposes, structures, and functionality such as nonprofits, corporations, and governmental entities.