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

question 9

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
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An account for advertising was received.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.

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Definitions:

Deformities

Abnormalities in the form or shape of a part of the body, often resulting from genetic factors, trauma, or disease.

Mental Retardation

An outdated and offensive term formerly used to describe individuals with significantly below-average cognitive ability and limitations in daily functioning; now more appropriately referred to as intellectual disability.

Rubella

A contagious viral disease characterized by a distinctive red rash, often mild in children but can have serious consequences if contracted by pregnant women for the fetus.

Physical Defects

Abnormalities or impairments in body structure or function that are present from birth or develop over time.