Cash and accounts receivable for Adams Company are provided below:   Current Year   Prior Year Cash $40,500   $30,000 Accounts receivable (net)   16,884     25,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease

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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