Match Each Transaction with Its Effect on the Accounting Equation

question 44

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Paid part of an amount owed to a creditor

• 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:

Evaluation

Systematic assessment of a program, practice, or intervention to determine its efficacy, efficiency, and impact.

Client System

A term used in social work and other disciplines to describe the group of individuals, families, or communities that benefit from professional services and interventions.

Personal Problems

Personal challenges or difficulties that an individual faces in their private life, which can affect their mental health, relationships, or daily functioning.

Environmental Issues

Refers to problems with the planet's ecosystems, such as pollution, climate change, and biodiversity loss, that impact human health and the environment.