If a Transaction Increased an Asset of a Business

question 15

Multiple Choice

If a transaction increased an asset of a business. Which of the following can be an effect of the transaction for the accounting equation to balance?

• A)There is an equal decrease in another asset.
• B)There is an equal decrease in equity.
• C)There is an equal decrease in a liability account.
• D)Both liabilities and equity decreases.

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Definitions:

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