Which of the Following Transactions Would Cause One Asset to Increase

question 91

Multiple Choice

Which of the following transactions would cause one asset to increase and another asset to decrease?

• A)The owner invested cash in the business.
• B)The business paid a creditor.
• C)The business incurred an expense on credit.
• D)The business bought supplies for cash.

---

Definitions:

Organizational Clarity

The quality of being easily understandable and transparent about an organization's goals, roles, and responsibilities.

Cultural Intelligence

The capability to relate and work effectively in culturally diverse situations.

Brand Identity

The collection of elements created by a company to portray the right image and values to its consumer, including visuals, messaging, and experience.

Company Newsletter

A company newsletter is a regularly distributed publication generally about one main topic that is of interest to its subscribers, often used by businesses to share relevant news, updates, and insights with their employees or customers.