A Transaction That Decreases a Liability and Increases an Asset

question 182

True/False

A transaction that decreases a liability and increases an asset must also affect one or more other accounts.

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Definitions:

Human Traits

Characteristics or qualities that define individual human beings, ranging from physical properties to personality attributes.

Intelligence

The ability to acquire and apply knowledge and skills, including reasoning, problem-solving, and adapting to new situations.

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Describes something or someone that is consistently good in quality or performance and can be trusted.

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