Question: Will the total assets increase, decrease or remain unchanged by each of the following transactions? (a) Additional cash introduced as capital by the owner (b)

Will the total assets increase, decrease or remain unchanged by each of the following transactions?

(a) Additional cash introduced as capital by the owner

(b) Salary paid to staff

(c) Loan received from a friend

(d) Payment of cash to acquire a vehicle for business use

(e) Cash removed by the owner for personal use

(f) Part of the loan repaid to the friend

(g) Interest paid to the lenderIncrease X Decrease No change y Z

Increase X Decrease No change y Z

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