Match Each Transaction with Its Effect on the Accounting Equation

question 44

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Paid part of an amount owed to a creditor

• 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

---

Definitions:

Nonverbal Feedback

Communication without words, such as gestures, facial expressions, and body language, that conveys a response or reaction.

Stylistic Differences

Variations in the manner of expression or execution that distinguish individuals, cultures, or periods in art, writing, music, etc.

Effective Listening

The active process of hearing, understanding, and responding to spoken messages, crucial for communication.

Long-Term Memory

The phase or type of memory responsible for the storage of information over an extended period.