For the Following Transaction,identify the Type of Change That Would

question 17

Multiple Choice

For the following transaction,identify the type of change that would have occurred in the accounting equation: Assets = Liabilities + Issued Capital + Opening retained profits + Revenue - Expenses - Dividends
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Inventory was purchased on credit.

• A) An asset increased and another asset decreased.
• B) An asset decreased and an expense increased.
• C) An asset decreased and a liability decreased.
• D) A liability increased and an asset increased.

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Definitions:

Turns Ratio

The ratio of the number of turns in the primary winding to the number of turns in the secondary winding of a transformer, which determines the voltage transformation.

Turns

The number of windings in a coil or inductor, affecting its inductance and magnetic field strength.

Primary Wire

The main wire in an electrical circuit that carries the voltage from the source to the load, often distinguished by its insulation and gauge size.

Secondary Wire

Typically refers to the output wire or winding of a transformer or a component that operates at a lower voltage relative to a primary component.