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

question 42

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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A customer was invoiced for services rendered.

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

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Definitions:

Null Hypothesis

A hypothesis that assumes no significant difference or relationship exists between variables, serving as a default position to be tested against.

Marriage

A legally or formally recognized union of two people as partners in a personal relationship.

Opinions

Personal beliefs or judgments that are not necessarily based on fact or knowledge.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain datasets or conditions.