For the Following Transaction, Identify the Type of Change That

question 26

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 for advertising was received. It related to an advertisement appearing on TV in the current accounting period. 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:

Voluntary Muscle Movement

Muscle movements that are under conscious control, involving skeletal muscles and used in performing deliberate actions.

Aphasia

A disorder characterized by the loss of the ability to understand or express speech, caused by brain damage.

Car Accident

A collision involving one or more automobiles, potentially resulting in damage to the vehicles and injury or fatality to the individuals involved.

Parietal Lobe

A region of the cerebral cortex that plays a key role in processing sensory information from various parts of the body, particularly regarding touch and spatial orientation.