Homework Help: accounting

Posted by sam on Tuesday, April 28, 2009 at 8:09am.

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.

accounting - SraJMcGin, Tuesday, April 28, 2009 at 9:47am
You will find ideas here:

http://www.google.com/search?q=business+transactions+with+assets+%26+liabilities&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

Sra

Answer this Question

Related Questions

Accounting - For each of the following items, give an example of a business ...
accounting - For each of the following items, give an example of a business ...
accounting - For each of the following items give an example of a business ...
accounting - for each of the following items, give an example of a business ...
Business Environment and Recording Transactions - Give an example of a business ...
accounting - The general manager of a business encounters many different types ...
accounting I - The general manager of a business encounters many different types...
HELP - The general manager of a business encounters many different types of ...
Accounting - The general manager of a business encounter many types of business ...
Account - Use the following identification codes to indicate the effects of each...

For Further Reading

First Name:
School Subject:
Answer: