Liz,after Qualifying at University and Having Several Years Experience Decides

question 36

Multiple Choice

Liz,after qualifying at university and having several years experience decides to set up her own dental practice..On 1 March she deposits $25,000 into a bank account she has opened for the practice.The effect of this transaction on the accounting equation is:

• A)Increase in assets of $ 25 000; increase in equity of $ 25 000.
• B)Increase in assets of $25 000; decrease in equity of $25 000.
• C)Increase in assets of $25 000; increase in liabilities of $25 000.
• D)Decrease in assets of $25 000; increase in equity of $25 000.

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Definitions:

Information Technology

The use of computers, software, networks, and other electronic devices to store, process, retrieve, transmit, and protect information.

Success

The achievement of an aim or goal, often measured by performance outcomes, personal satisfaction, or recognition.

General Cognitive Ability

General Cognitive Ability refers to a person's overall capacity of mental processes, encompassing reasoning, problem-solving, planning, abstract thinking, complex idea comprehension, learning quickly, and learning from experience.

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A stage of human development typically referring to individuals aged 65 and over, often characterized by retirement, physical aging, and significant life reflection.