For the Following Transaction, Identify the Type of Change That

question 19

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
Inventory was purchased on credit.

• 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 asset increased.

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Design And Layout

The arrangement of visual elements within a space or on a page, aimed at achieving a particular effect or communication goal.

Production Errors

Mistakes or flaws that occur during the manufacturing or creation process of a product or media content.

Production

The process of creating, manufacturing, or producing goods and services, typically involving a combination of human labor, materials, and machinery.

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A written, printed, or electronic record that provides information or evidence of some type.