Which of the Following Is True When Considering the Accounting

question 74

Multiple Choice

Which of the following is true when considering the accounting equation?

• A) An increase in an asset must always equal a decrease in a liability.
• B) For every transaction an asset and a liability must be affected.
• C) An increase in a liability must equal a decrease in owner's equity.
• D) An increase in an asset may result in a decrease in another asset.

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