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:

Self-Efficacy Beliefs

The belief in one's own ability to succeed in specific situations or accomplish a task.

Guided Mastery Techniques

A cognitive-behavioral approach that uses step-by-step success experiences to build self-efficacy and overcome fear or anxiety.

Self-Esteem Needs

These are psychological needs that relate to an individual's perception of their value and worth, often impacting their motivation and behavior.

Social Needs

The requirements necessary for maintaining healthy interactions and relationships with others, including belonging, love, and affection.