Batman, a lawyer, opened a law firm many years ago. During the month of October, he completed the following transactions connected with his professional practice. For each of the following transactions, you will have to select all the options that are correct.

(Note: Remember, to get mark in an Individual transaction, you must correctly choose all the options. No partial marking will be given.)

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October 2, Zaman brought $25,000 as additional capital in the business. This transaction will cause- (Checkboxes: 1 or many option maybe correct)

A) Increase in assets

B) Decrease in assets

C) Increase in liabilities

D) Decrease in liabilities

E) Increase in Owner's Equity

F) Decrease in Owner's Equity

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October 10, received $8,000 from a client in advance who will be provided service in the later part of the month. This transaction will cause-

(Checkboxes: 1 or many option maybe correct)

A) Increase in assets

B) Decrease in assets

C) Increase in liabilities

D) Decrease in liabilities

E) Increase in Owner's Equity

F) Decrease in Owner's Equity

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October 15, provided legal service to a client and immediately received $150 for that. This transaction will cause- (Checkboxes: 1 or many option maybe correct)

A) Increase in assets

B) Decrease in assets

C) Increase in liabilities

D) Decrease in liabilities

E) Increase in Owner's Equity

F) Decrease in Owner's Equity

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October 28, the customer of October 10, received the promised service from the law firm. This transaction will cause- (Checkboxes: 1 or many option maybe correct)

A) Increase in assets

B) Decrease in assets

C) Increase in liabilities

D) Decrease in liabilities

E) Increase in Owner's Equity

F) Decrease in Owner's Equity

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October 31, Incurred salary expense for the month of October $12,000 of which only $6,500 was paid immediately and the rest will be paid in the next month. This transaction will cause- (Checkboxes: 1 or many option maybe correct)

A) Increase in assets

B) Decrease in assets

C) Increase in liabilities

D) Decrease in liabilities

E) Increase in Owner's Equity

F) Decrease in Owner's Equity