Question 2 Which of the following is a part of the communicating process? Select transactions and events A Keep chronological log of transactions B. Analyzing and interpret C. Prepare reports D. Question 3 Accountants often refer to GAAP. What do the letters GAAP represent in accounting Globally accepted and accurate policies Global accommodation accounting principles B. Generally Accepted Accounting principles c. Global Accounting and Audit procedures D. I Question 4 Internal users of accounting information include all of the following except Marketing managers IT managers B. Investors C. Human Resource D. Questions Find out the change in the value of Assets it. Liabilities are decreased by AED 80.000 and Capital is increased by AED 30.000 Decrease by AED 30,000 Increase by AED 50,000 B Decrease by AED 50,000 C Increase by AED 30,000 D Question 6 If a company uses 53,000 of its cash for purchasing a laptop, the effect on the accounting equation would be Assets decrease 53.000 and equity decreases $3,000. Assets increase $3,000 and equity decrease 53.000 Assets increase $3.000 and liabilities increase $3,000. One asset increases $3,000 and another asset decreases 53,000 D