Identify Which One of the Following Statements Is Always True

question 38

Multiple Choice

Identify which one of the following statements is always true.

• A) An increase in an asset account must decrease another asset account.
• B) A decrease in an asset account must increase a liability or owners' equity account.
• C) An increase in an asset account must increase a liability or owners' equity account.
• D) None of these answers is correct.

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