Transaction: The economic events which bring about any changes in the financial items of a business and can be measured in the monetary units is referred to as a transaction
Accounting equation: Accounting equation is an accounting tool expressed in the form of equation, by creating a relation between resources or assets of a company and claims of resources to creditors and owners. Accounting equation is expressed as shown below:
To give: Examples of a business transaction for the given effects of transaction on accounting equation
Sorry about that. What wasn’t helpful?