If a Transaction Causes an Asset Account to Decrease,which of the Following

question 52

Multiple Choice

If a transaction causes an asset account to decrease,which of the following effects of equal amount may also occur?

• A) A decrease in a liability account.
• B) A decrease in another asset account.
• C) A increase in an equity account.
• D) An increase in a liability account.

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Definitions:

Spatial Relations

The ability to perceive the positions of objects in relation to oneself and to each other.

Language

A system of communication used by a particular country or community.

Mathematics

The abstract science of numbers, quantity, and space, either as abstract concepts (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Comprehension

The mental process of understanding, integrating, and grasping meanings from information or experiences.