Solved

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

Question 59

Multiple Choice

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

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

Related Questions

Q24: Occurrences that have the potential to affect

Q54: Liabilities + equity should always be:<br>A)less than

Q55: The effect on the accounting equation of

Q56: Profit is added to opening equity to

Q57: The duality concept requires that each transaction

Q60: For the cash account to decrease and

Q61: When parties deal from equal bargaining positions

Q62: In a manual accounting system for a

Q63: A business paid $725 for employees' wages

Q64: If the value of Assets is equal