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What are the permutation and combination of accounting

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Reference no: EM132639612

Problem 1: What are the 8 permutation and combination of accounting?

what does following mean and please give some examples of each so as to understand better.

  • increase in assets; decrease in another assets
  • increase in assets; increase in liability
  • Increase in assets; increase in own's equity
  • Decrease in assets; decrease in liability
  • decrease in assets; decrease in own's equity
  • increase in liability; decrease in another liability
  • increase in liability; decrease in another liability
  • increase in liability; decrease in owner's equity
  • Decrease in liability, increase in owner's equity

Reference no: EM132639612

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