会计英语课后习题参考-答案~.docVIP

| Suggested Solution Chapter 1 1. Effect on the accounting equation (1) (2) (3) (4) (5) (6) (a) Increase in one asset, decrease in another asset. √ (b) Increase in an asset, increase in a liability. (c) Increase in an asset, increase in capital. √ √ (d) Decrease in an asset, decrease in a liability. √ (e) Decrease in an asset, decrease in capital. √ √ 2. Transactions Assets +/- Liabilities +/- Owner’s equity +/- 1 + + 2 + + 3 - - 4 + + 5 + + 6 - - 7 - - 8 +/- 9 - - 10 - - 3. Describe each transaction based on the summary above. Transactions 1 Purchased land for cash, $6,000. 2 Investment f