Withdrew 150 cash from the bank and placed it in the cash box. What is the effect of the transaction on the accounting equation? A. Decrease in Assets ,Decrease in Equity B. Increase in Equity ,Increase in Liability C. Increase in Assets ,Decrease in Assets D. Decrease in Liability ,Increase in Capital

The effect of a transaction to accounting equation is given below.Assets = Equity + Liabilities- = -5000 + 5000Above transaction could be1. Settling a creditor for Rs. 5000 by owners personal money.2. Purchasing goods for Rs. 5000 on credit3. Obtaining a bank loan for Rs. 50004. Receiving a discount for Rs. 5000 when settling a creditor5. Receiving the monthly electricity bill for 5000 (…..)

A sole trader sells goods for cash for $500 which had cost of $300. Which elements of the accounting equation will change due to this transaction?Question 12Answera.Assets and capitalb.Assets onlyc.Assets and liabilitiesd.Capital and liabilities

The business receives cash from a customer that is owed to the company 'on account', based on services rendered to the customer previously. How does the collection of the cash affect the accounting equation? A) One asset increases; one asset decreases. B) Assets increase; owners' equity increases. C) Assets increase; liabilities increase. D) Assets decrease; owners'

Provided services for Cash. Show its effect on Accounting equationSelect one:a.Cash goes down and owner’s equity goes upb.Cash goes up and Owner’s equity goes upc.Cash goes up and Owner’s equity goes downd.Both cash and owner’s equity goes down

What are the effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer?Multiple choice question.Total liabilities will increase and total stockholders' equity will decrease.Total liabilities will decrease and total stockholders' equity will increase.Total liabilities will decrease and total stockholders' equity will decrease.Total liabilities will increase and total stockholders' equity will increase.