Match Each Transaction with Its Effect on the Accounting Equation

question 138

Multiple Choice

Match each transaction with its effect on the accounting equation. Each letter may be used more than once.
-Used up supplies that were already on hand

• 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:

Connections

Relationships or links between people, objects, or concepts that facilitate communication, interaction, or movement.

Communication

The process of exchanging information, ideas, feelings, or instructions between entities, typically involving a sender, message, and recipient.

Psychological First Aid

An evidence-informed support approach aimed at helping individuals in the immediate aftermath of a traumatic event to reduce initial distress and facilitate ongoing recovery.

Critical Incident Stress Management

A method used to help individuals and communities deal with traumatic events in a healthy manner, aiming to prevent stress-related disorders.