How transaction not affect any liability and equity accounts, Accounting Basics

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How transaction not affect any liability and equity accounts

Problem

Answer the following questions:

A. When is accounting equation in balance, and what does that mean?
B. How can a transaction not affect any liability and equity accounts?
C. Describe a transaction increasing equity and one decreasing it.
D. Identify a transaction that decreases both assets and liabilities.

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Accounting Basics: How transaction not affect any liability and equity accounts

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