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

question 9

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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An account for advertising was received.There was no previous record of the charge.

• 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 expense increased.

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Definitions:

Tool-Sharpening

A metaphorical expression referring to the process of refining or improving one's skills, abilities, or resources to enhance performance or efficiency.

Garden And Landscaping Store

A retail establishment that sells plants, garden supplies, tools, and landscaping materials to consumers.

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The ongoing interactions between a business and its customers, aimed at enhancing customer satisfaction and loyalty.

Potential Customer

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