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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
The general manager of a business encounters many different types of business transactions. Provide an example of a transaction that would describe the effect on the accounting equation. Each situation is independent of the other situations. a. The transaction would increase an asset account and increase a liability account. b. The transaction would decrease an asset account and decrease the owner’s equity account. c. The transaction would increase an asset account and increase owner’s equity account. d. The transaction would decrease an asset account and decrease a liability account. e. The transaction would increase one asset account and decrease another asset account. f. The transaction would decrease one liability account and increase another liability account. What ideas do you have? IWAS THINKING NO OVERDRAFTS, INSUFFIENT FUNDS, MORE MONEY IN THE ACCOUNTS, Which of these scenarios meets the criteria in your questions? that is what ineeded help with i was not sure where to put my answers This site may help you sort it out. (Broken Link Removed)
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