Dual effect of a transaction which is also called Double

Dual effect of a transaction which is also called Double entry bookkeeping. 

Venetian model 

accounting equation

equity of accounts

accounting model

Current Assets

Current Liabilities

Income

Expenses

Increase in assets may be a result of. 

a decrease in another asset

an increase in liability

an increase in equity

all of those

Investment made by the owner will.  

increase both assets and liabilities

decrease both assets and liabilities

increase both assets and owner’s equity

decrease both assets and owner’s equity

current assets and non current assets

revenues and expenses

current liabilities and long term liabilities

owner’s equity

The right side of an account is referred to as.  

debit

credit

balance

footing

The payment of cash to the bank for money borrowed by the business will.  

decrease assets and liabilities

decrease assets and owner’s equity

increases assets and liabilities

increases assets and owner’s equity

Factory insurance paid in advance is an example of.  

Prepaid expenses

Accrued expenses

Accrued liabilities

Equity

owner’s drawing

rent expenses

supplies

taxes and licenses