Venus,IncPaid $12,000 on Accounts Payable

question 74

Multiple Choice

Venus,Inc.paid $12,000 on accounts payable.How does this transaction affect the accounting equation of Venus?

• A)assets decrease by $12,000 and equity increases by $12,000
• B)assets decrease by $12,000 and liabilities decrease by $12,000
• C)assets increase by $12,000 and equity decreases by $12,000
• D)assets increase by $12,000 and liabilities increase by $12,000

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Definitions:

Preferred Narratives

The stories people tell about their lives that align with their values and goals, often highlighted in narrative therapy to foster positive change and identity development.

Agency

The capacity of individuals to act independently and make their own free choices.

Clients

Individuals who seek counseling or therapy services to address personal, social, or psychological issues and goals.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.