Which of the following does not describe the effects of an asset use transaction on the accounting equation?
A) Option A
B) Option B
C) Option C
D) Option D

Question

Which of the following does not describe the effects of an asset use transaction on the accounting equation? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

All options describe the effects of an asset use transaction on the accounting equation except option D, which states that it has no effect. An asset use transaction involves using up an asset, which would decrease the asset account and either decrease an expense account or increase a liability account. Therefore, option D is incorrect.

Which of the Following Does Not Describe the Effects of an Asset