A business engages in many types of activities.

Required:

For each of the following sets of changes in a business' accounts, give an example of an activity that the business could engage in that would cause these changes and explain why you think the activity would cause these particular changes:

a Increase in an asset and decrease in another asset b Increase in an asset and increase in a liability c Increase in an asset and increase in owner's equity d Increase in an asset and increase in a revenue e Decrease in an asset and increase in an expense f Decrease in an asset and decrease in a liability.