For the Following Transaction,identify the Type of Change That Would

question 13

Multiple Choice

For the following transaction,identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Issued Capital + Opening retained profits + Revenue - Expenses - Dividends
-
An electricity account was paid.There was no previous record of the charge.

• A) An asset increased and another asset decreased.
• B) An asset decreased and an expense increased.
• C) An asset decreased and a liability decreased.
• D) A liability increased and an expense increased.

---

Definitions:

Productive Ways

Efficient and effective methods or strategies to achieve goals or complete tasks, optimizing resources and outcomes.

Print Copy

A physical version of a document, photograph, or piece of artwork.

Military Terminology

The specialized language used by the military, encompassing terms, phrases, and acronyms that pertain to its operations, equipment, and tactics.

Military Experience

The skills, knowledge, and behaviors gained by individuals who have served in the armed forces.