If an owner introduces capital, it __________ assets and ___________ capital.
increases, decreases
decreases, increases
increases, increases
decreases, decreases
If an owner introduces capital, it increases assets and increases capital.
Any transaction which either increases liability or decreases assets is a ____________.
Give an example for each of the following types of transaction. (i) Increase in one asset, decrease in another asset. (ii) Increase in asset, increase in liability. (iii) Increase in asset, increase in owner's capital. (iv) Decrease in asset, decrease in liability. (v) Decrease in asset, decrease in owner's capital. (vi) Decrease in liabilities, increase in owner's capital. (vii) Increase in one liability, decrease in another liability. (viii) Increase in liabilities, decrease in owner's capital.