Introduction to accounting Unit 1DB

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Averial
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$2.00 Introduction to accounting Unit 1DB

From Business: Accounting , Business: Accounting
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Due on May. 03, 2009
Asked on May 02, 2009 at 1:50:03PM

Q:
Assignment Type: Discussion Board Deliverable Length: 1-2 paragraphs
Points Possible: 70 Due Date: 5/3/2009 11:59:59 PM CT

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.
You should read the discussion on this topic throughout this week to evaluate and respond to your classmates' insights and comments.

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Posted by:

flashhelp
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$1.00 here is the answer explained very simply

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Posted on May 02, 2009 at 2:57:42PM

A:
Preview: ... Decrease an asset and decrease owner's equity- Expenses and withdrawals will decrease asset and decrease owners equity also. Decrease an asset and de ...

The full tutorial is about 115 words long .

Posted by:

krishna53
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$0.75 Accounting - A+ answer

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Posted on Jun 10, 2009 at 02:13:16PM

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Preview: ... settling their balances. This would result in an increase in an asset account (Cash), and a decrease in another asset (Accounts Receivable) Decrease an asset and decrease owner's equity. Withdrawal ...

The full tutorial is about 155 words long .