Venus Inc Paid $5,000 for Account Payable

question 104

Multiple Choice

Venus Inc. paid $5,000 for account payable. How does this transaction affect the accounting equation of Venus?

• A)Assets decrease by $5,000 and equity increases by $5,000.
• B)Assets decrease by $5,000 and liabilities decrease by $5,000.
• C)Assets increase by $5,000 and equity decreases by $5,000.
• D)Assets increase by $5,000 and liabilities increase by $5,000.

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Broken Chain

Often symbolizes the disruption or loss of continuity, which can refer to broken social bonds, interrupted traditions, or halted progress.

Property Qualification

A historical requirement that individuals must own a certain amount of property or land to enjoy specific rights, such as voting or holding public office.

Petitions Of Slaves

Historical documents or appeals made by enslaved individuals seeking freedom, justice, or improved conditions.

Natural Rights

Fundamental human rights, often seen as universal and inalienable, such as life, liberty, and property, as conceptualized by philosophers like John Locke.