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:

Living Wills

Legal documents detailing a person's preferences regarding medical treatments and interventions in the event they become incapable of expressing consent.

Mechanical Respiration

A medical process of supporting a person's breathing using mechanical ventilatory support.

American Medical Association

A leading professional group for doctors in the United States, focused on promoting the art and science of medicine and the betterment of public health.

Physician Aid in Dying

The practice where a physician provides a terminally ill patient with the means to voluntarily end their own life, within the bounds of legal and ethical guidelines.