If a Business Issues a Check for $100 to Purchase

question 51

Multiple Choice

If a business issues a check for $100 to purchase office supplies, What is the effect on the accounting equation?

• A)Owner's Equity will decrease
• B)Assets will decrease
• C)Owner's Equity will increase
• D)Total Assets will remain the same

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Definitions:

Resistance

In a psychological context, it refers to the opposition or reluctance to accept or comply with therapy, change, or introspection.

Breakthrough

A significant discovery or achievement that advances understanding or capability within a particular field.

Conscious

The condition in which an individual is conscious of their own being, feelings, ideas, environment, and life events.