Match Each Transaction with Its Effect on the Accounting Equation

question 136

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received utility bill to be paid next month

• A)Increase assets, increase liabilities
• B)Increase liabilities, decrease owner's equity
• C)Increase assets, increase owner's equity
• D)No effect
• E)Decrease assets, decrease liabilities
• F)Decrease assets, decrease owner's equity

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Definitions:

External Dimensions

Variables that influence an organization from the outside, such as economic, political, technological, and sociocultural factors.

Gardenswartz and Rowe

Experts known for their contributions to the field of diversity and inclusion, particularly in organizational contexts.

Challengers

are individuals or entities that pose competition or opposition, striving to surpass or overthrow established leaders or standards.

Physical Ability

Refers to an individual's physical capacity to perform tasks or activities, which may involve strength, flexibility, endurance, or motor skills.