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

question 18

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
-
At the end of the accounting period,3 months' interest is owing to the company from the bank on a term deposit with the bank.

• A) A liability increases and another liability decreases.
• B) An asset decreases and a liability decreases.
• C) An asset increases and revenue increases.
• D) An asset increases and another asset decreases.

---

Definitions:

Existential Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the individual’s experience in the present moment, the therapist-client relationship, and the challenges of existence.

Adlerian Therapy

A psychological approach based on the work of Alfred Adler, focusing on creating feelings of courage, encouragement, and community as a way to overcome feelings of inferiority.

Logo Therapy

A form of psychotherapy that emphasizes finding meaning in life, founded by Viktor Frankl, focusing on the future and what the individual can achieve through meaning.

Actualization

The process of realizing or achieving one’s potential or self-fulfillment, often associated with Maslow's hierarchy of needs.