For the Following Transaction, Identify the Type of Change That

question 4

Multiple Choice

For the following transaction, identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Share capital + Opening retained profits + Revenue - Expenses - Dividends
An account was paid for stationery purchased in the previous accounting period.

• 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 decreased and an expense increased.

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Definitions:

MARS Model

A framework identifying four factors (Motivation, Ability, Role perceptions, and Situational factors) that influence individual behavior and performance at work.

Ability

The possession of the means or skill to do something, often referring to natural competencies or developed skills.

Intensity

The degree of strength, force, or concentration with which a particular attribute, emotion, or physical phenomenon is experienced or presented.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.