Match Each Transaction with Its Effect on the Accounting Equation

question 136

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received utility bill to be paid next month

• 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:

Stream of Consciousness

A literary style or mental process where thoughts and feelings are presented in a continuous flow, mimicking the human mind's natural operation.

Circadian Rhythm

The physical, mental, and behavioral changes that follow a daily cycle, responding primarily to light and darkness in an organism's environment.

Level of Awareness

The extent to which an individual is conscious of aspects of their environment or personal experiences.

Automatic Processing

The ability of the brain to perform tasks with little or no conscious thought, often developed through repetitive practice and learning.