Match Each Transaction with Its Effect on the Accounting Equation

question 214

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Received cash for providing services to customers

• 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

---

Definitions:

Social Media

Online platforms and technologies that enable users to create, share, or exchange information, ideas, pictures/videos in virtual communities.

Visual Representations

Graphics, images, charts, and other visual elements used to convey information, ideas, or data.

Indirect Strategy

A communication approach where the main point is not presented directly at the beginning but revealed gradually.

Business Report

A formal document that provides information and analysis to assist in decision-making within a business context.