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.

---

Definitions:

Under Benefited

A state where an individual perceives that they are receiving less from a relationship or exchange than they are contributing.

Over Benefited

A situation where an individual receives more in a transaction or relationship than they contribute, often leading to feelings of guilt or imbalance.

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Monkeys

Primates belonging to the suborder Haplorhini, known for their agility, social structures, and varied species, some of which are closely related to humans evolutionarily.