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Accounting

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For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:

Increase an asset and increase a liability:

Increase one asset and decrease another asset.

Decrease an asset and decrease owner's equity.

Decrease an asset and decrease a liability.

Increase an asset and increase owner's equity


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  • Accounting - ,

    For each of the following items, give an example of a business transaction that has the described effect on the accounting equation:

    Increase an asset and increase a liability:

    Increase one asset and decrease another asset.

    Decrease an asset and decrease owner's equity.

    Decrease an asset and decrease a liability.

    Increase an asset and increase owner's equity

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