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Sent to General Experts July 10 10:53 PM

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

 

Customer (name blocked for privacy)
Status:  Closed   Value: $5
Info Request
July 11 5:04 AM (6 hours and 11 minutes and 17 seconds later)
         
REPLIED to Info RequestCheck Mark

Hello

Are you certain that the question has been entered here correctly?

The version of the quiestion i have, which makes more sense in Accounting terms is:

6. Give two transactions that will:

(i) Increase an asset and increase a liability.

(ii) Increase an asset and decrease another asset.

(iii) Decrease an asset and decrease capital.

etc

Please let me know.

Regards, Duncan



Edited by fredfredfred on July 11 2006 at 5:05 AM

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Duncan Steiger-Bowers -- Internet Researcher -- 100% Positive Feedback on 71 General Accepts
Over 10 years Professional Researching. If your answer is out there I can find it.
Reply
July 11 8:39 PM (15 hours and 35 minutes later)
         
Reply to fredfredfred's Post: sorry that is correct.
Thank you,
Customer (name blocked for privacy)@yahoo.com
Customer (name blocked for privacy)
Reply
July 12 9:08 PM (1 day later)
         
Relist: I want a different opinion.
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
Customer (name blocked for privacy)
Answer
July 13 5:51 AM (8 hours and 42 minutes and 25 seconds later)
         
ACCEPTEDCheck Mark

Hello

I think you may have more success getting this question answered if you accept the 4 other questions i have provided perfectly valid answers for.

Regards,

Duncan



If i have answered your question please click ACCEPT. If not, please let me know how i may help you further.

Please try to remember to leave FEEDBACK if our Expert has been helpfull.

Duncan Steiger-Bowers -- Internet Researcher -- 100% Positive Feedback on 71 General Accepts
Over 10 years Professional Researching. If your answer is out there I can find it.
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