Payment Is Made for an Electric Bill Which Was Received

question 82

Multiple Choice

Payment is made for an electric bill which was received and recorded earlier.For this transaction,identify the effect on the accounting equation.

• A)Assets increase and liabilities increase.
• B)Assets increase and stockholders' equity increases.
• C)Liabilities increase and stockholders' equity decreases.
• D)Liabilities decrease and assets decrease.

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Definitions:

Virtual Interviews

Interviews conducted online using video conferencing tools instead of meeting in person.

Screening Applicants

The process of evaluating job candidates to determine their suitability for a position, often involving the review of résumés and conducting interviews.

Applicant Pool

The collective set of candidates who have applied for a specific position or admission into a particular program or institution.

Soft Skills

Non-technical skills that relate to how you work. They include interpersonal skills, communication skills, listening skills, time management, and empathy.