Match Each Transaction with Its Effect on the Accounting Equation

question 145

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Provided a service to a customer on account

• 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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The highest standard of creative achievement, as judged by recognized experts, demonstrating outstanding skill, originality, and innovation in a particular artistic domain.

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A type of society that values equality among its members and emphasizes the independence of individuals.

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A country in Northern Europe known for its fjords, northern lights, and strong welfare systems.

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