Match Each Transaction with Its Effect on the Accounting Equation

question 76

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Purchased equipment for cash

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

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Definitions:

Beaker

A beaker is a simple container used in laboratories for stirring, mixing, and heating liquids, typically cylindrical in shape with a flat bottom and a lip for pouring.

Animate

To bring to life or to give motion to something, often referring to the process of making inanimate objects or characters appear alive, as in animation.

Operational

Pertaining to or involving the practical application of ideas, procedures, and processes rather than theoretical aspects.

Centered

Focuses on placing importance or emphasis on a particular element or aspect in a context or situation.