If Assets Increase, Then, Applying the Principle of Duality, We

question 57

True/False

If assets increase, then, applying the principle of duality, we must increase liabilities, decrease another asset or increase owners' equity.

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Definitions:

Authority

The right or power to give orders, make decisions, and enforce obedience.

Sincerity

The quality of being genuine, honest, and free from pretense or deceit in one's actions or expressions.

Management Consultant

A professional who provides expert advice to businesses and organizations to improve their performance, solve problems, and develop strategies.

Informal

pertains to interactions or structures that are not officially sanctioned or structured, often relying on personal or casual relationships.