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    Business
  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 2: Analyzing and Recording Transactions
  5. Question
    A Transaction That Decreases a Liability and Increases an Asset
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A Transaction That Decreases a Liability and Increases an Asset

Question 182

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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