Jackson Electric Services incurred​ $800 as a repair expense and paid for it in cash. This transaction will​ ________.   A. increase the assets of the business   B. decrease the liabilities of the business   C. decrease the​ stockholders' equity of the business   D. increase the liabilities of the business

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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