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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 2: Analyzing and Recording Transactions
  5. Question
    A Transaction That Increases an Asset Account and Decreases a Liability
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A Transaction That Increases an Asset Account and Decreases a Liability

Question 59

Question 59

True/False

A transaction that increases an asset account and decreases a liability account must also affect another account.

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