Which of the Following Can Be an Effect of a Transaction

question 54

Multiple Choice

Which of the following can be an effect of a transaction that increased an asset of a corporation for the accounting equation to balance?

• A)there is an equal decrease in another asset
• B)there is an equal decrease in equity
• C)there is an equal decrease in a liability account
• D)both liabilities and equity decrease

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Definitions:

Government Involvement

The participation or intervention of governmental authorities in various aspects of societal, economic, and private sector activities.

Female Employment

Female employment refers to the participation of women in the workforce, including issues related to their employment rates, the gender pay gap, and workplace equality.

Service Professions

Occupations that focus on providing services rather than goods, including roles in healthcare, education, and financial services.

Domestic Service

Employment within private households, performing tasks such as cleaning, cooking, and caretaking, typically associated with historical and contemporary forms of household management.