Help with all work   Indicate whether the terms of the accounting equation will increase, decrease or stay the same for each transaction by placing a “+” or “-” in the appropriate space. If an item is not changed by the transaction, leave the space blank. Transaction Assets = Liabilities + Net Worth Deposited salary earned Purchased a new TV on credit. Received a cash gift. Purchased fuel for car on credit. Made a loan payment including interest. Received cash from a student loan. Received a paycheque.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is