Match Each Transaction with Its Effect on the Accounting Equation

question 214

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received cash for providing services to customers

• 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:

Demand Related

Pertaining to aspects, outcomes, or considerations that are influenced by the demand for products or services, such as pricing, production planning, or inventory levels.

Accurate Lot Sizes

It involves determining the optimal quantity of a product to order or produce, balancing costs and meeting demand efficiently.

MRP

Materials Requirement Planning, a production planning, scheduling, and inventory control system used to manage manufacturing processes efficiently.